HSH Nordbank increases US dollar funding – Transaction worth more than USD 360 million
Commercial real estate loans as collateral Third refinancing using asset-based funding platform
Hamburg/Kiel, February 20, 2015 - HSH Nordbank has successfully completed a further large US dollar funding transaction. For the “CASTELLUM ABF” transaction amounting to USD 360 million HSH Nordbank again made use of its asset-based funding platform. The platform was established in 2013 in order to gain efficient access to the foreign currency that is so important for international business. The funding deal set up jointly with the Royal Bank of Scotland runs for 3 1/4 years and is secured by commercial real estate loans from the Core Bank and the internal Restructuring Unit.
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