HSH Nordbank issues benchmark bond
Hamburg/Kiel, January 12, 2009 - Around noon today HSH Nordbank closed the books for its first benchmark bond guaranteed by the Sonderfonds Finanzmarktstabilisierung (SoFFin).
At the time, the order book was with EUR 9 billion more than three times oversubscribed. The bond’s placement volume will total three billion euros.
HSH Nordbank is paying a fixed coupon for the bond with a premium of 28 basis points above mid-swap rate. The bond will have a term of three years. The joint lead managers of the placement are Bayern LB, Commerzbank, Deutsche Bank, DZ Bank, HSH Nordbank, LBBW, RBS, Unicredit (HVB) and WestLB. The bond is due to be priced on Tuesday January 13, 2009.
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