Hamburg Commercial Bank driving optic fibre expansion in Spain forward
Hamburg Commercial Bank is making available EUR 30 million in project finance to Spain’s leading private broadband network operator ADAMO as mandated lead arranger and structuring bank to drive a further expansion to 1.14 million household connections.
New name - Hamburg Commercial Bank starts brand roll-out
The renaming of HSH Nordbank as the private commercial bank Hamburg Commercial Bank was formally completed with today’s entry in the commercial registers of Hamburg and Kiel.
dstelecom and HSH announce €50M financing to deploy ftth
dstelecom is a leading open-access fiber optical network operator in Portugal that built and operates an ultra-modern fiber optic network in the country's lowest population density areas. Exploring a wholesale only business model, it supports all telecommunication operators to provide their customers with any communication, TV and Internet access services available on the market. dstelecom is a wholly owned subsidiary of dst tele-comunicaçoes, the joint venture between DST Group and Cube Infrastructure Fund II dedicated to telecom development in Portugal.
HSH to finance wind farm Linda in Saxony-Anhalt for the ERG Group
HSH Nordbank will provide the ERG Group with long-term project finance amounting to € 24 million for construction and operation of the Linda wind farm located near Elster in the German state of Saxony-Anhalt.
HSH to finance acquisition of private-sector district heating network in Estonia
HSH Nordbank will provide international investment managers First State Investments (FSI) as the mandated lead arranger (MLA) with € 75 million as part of an acquisition loan totalling € 364 million.
Nicolas Blanchard appointed new Chief Clients and Products Officer (CCO)
The Supervisory Board of HSH Nordbank has appointed Nicolas Blanchard (50) as a new Management Board member. He takes on the role of Chief Clients and Products Officer with immediate effect.
First successful privatisation of a Landesbank completed
HSH Nordbank AG is today embarking on its future as the first successfully privatised Landesbank in Germany. The commercial bank’s new shareholders, who are independent of each other, are Cerberus Capital Management, J. C. Flowers & Co., GoldenTree Asset Management, Centaurus Capital LP and BAWAG or investment funds launched by these.
HSH Nordbank: Privatisation marks nine-month results
In the third quarter HSH Nordbank continued to focus its energies on the upcoming privatisation while generating a satisfactory Group net result in operations. Thanks to savings on the cost side, a solid business performance and restructuring successes in the ship loan portfolio, the high costs incurred in connection with the privatisation were offset in full. The key capital and liquidity figures remain high.
HSH Nordbank issues € 500 million mortgage Pfandbrief
HSH Nordbank has placed a mortgage Pfandbrief in the amount of € 500 million and with a term of three and a half years. The issue, secured mostly by loans on commercial properties in Germany, pays fixed interest with an annual coupon of 0.25 percent.
HSH shows € -1 million pre-tax result in H1
HSH Nordbank has continued to resolutely forge ahead with its multi-year transformation and reports a satisfactory result for the first half of 2018.