HSH Nordbank issues public-sector Pfandbrief in the amount of € 500 million

Hamburg/Kiel, February 17, 2016 - HSH Nordbank has tapped the capital market for the first time this year, issuing a public-sector Pfandbrief with a 5-year term.

This benchmark bond is in the amount of € 500 million and is backed by loans to the public sector. Rating agency Moody's has given the Pfandbrief a rating of "Aa2". The order book was substantially oversubscribed and was closed after a short time.

“With this transaction we successfully pursue our strategy of regularly issuing liquid Pfandbriefe and broadening our investor base,” said Ralf Löwe, Head of Funding & Debt Investor Relations at HSH Nordbank.

Alongside institutional investors based in Germany foreign investors contributed to about 25 percent to the issue. The Pfandbrief carries an annual coupon of 0.125 percent. Banks involved were HSH Nordbank, Commerzbank, Deutsche Bank, DZ Bank and Natixis.

HSH Nordbank uses Pfandbriefe as a key instrument in refinancing. The target group are institutional investors based both in and outside Germany. In 2015, HSH Nordbank placed ship, mortgage as well as public-sector Pfandbriefe in a total amount of about € 2.2 billion.

The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.

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