HSH Nordbank issues EUR 3 billion benchmark bond

Hamburg/Kiel, July 15, 2009 - Today HSH Nordbank took advantage of the favorable market environment to place its third benchmark bond guaranteed by the Sonderfonds Finanzmarktstabilisierung (SoFFin).

With a volume of three billion Euros the bond has a term of three years. The pricing of the bond is due to take place on Wednesday afternoon at a return of 10 basis points above the corresponding swap rate. The joint lead banks of the transaction were HSH Nordbank along with BNP Paribas, Commerzbank, HSBC and JP Morgan. The issue with an order book of more than 5.5 billion euros was internationally widely placed.

With today's issue HSH Nordbank has so far made use of 17 billion euros of its guarantee facility amounting to 30 billion euros that has been made available by SoFFin. Of this figure, multi-year term bonds totaling 9 billion euros have been publicly placed while 8 billion euros with a maturity of less than one year have been deposited with the European Central Bank.

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