10/16/2008
Banking syndicate provides USD 750 million financing for 29 container vessels
A banking syndicate led by Bayerische Hypo- und Vereinsbank AG and HSH Nordbank AG together with another four banks today signed a USD 750 million loan for Hapag-Lloyd AG for the financing of a fleet of 29 container vessels.
read more09/24/2008
HSH Nordbank: updated figures on charges resulting from financial market crisis
The worsening of the crisis on the financial markets is prompting HSH Nordbank to provide the public with additional updates on the current performance of its securities portfolio in between the usual reporting dates. The Bank is thus systematically continuing its transparent information policy, even in difficult times.
read more09/17/2008
HSH Nordbank grants first Turbine Supply Loan in French wind energy market
HSH Nordbank AG supports the delivery of turbines for three projects with a total capacity of 41.4 MW planned in France by French wind farm developer and operator Eolfi. In its capacity as Mandated Lead Arranger, HSH Nordbank extends a EUR 44.35 million Turbine Supply Loan, in which the turbines serve as collateral.
read more09/11/2008
HSH Nordbank taking part in the “Hamburg Summit - China meets Europe”
At the third “Hamburg Summit – China meets Europe” event hosted by the Hamburg Chamber of Commerce every two years representatives from 15 countries are discussing how China and Europe can converge more in economic terms. The participants include the Chinese Prime Minister Zhang Dejiang and Germany’s Foreign Minister and Vice Chancellor Frank-Walter Steinmeier. Representing HSH Nordbank, which has participated as a principal sponsor since the first event in 2004, are Management Board chairman Peter Rieck, Board member Bernhard Visker and the head of the Energy business unit, Klaus Bernhart.
read more09/10/2008
Wind power sector continues to boom
The global wind power sector looks back on a successful year 2007 which saw installed capacity grow by 27 percent to 93,825 megawatts. A study just released by HSH Nordbank analyses the growth of wind power in Germany as well as trends in France, Britain, Poland, the USA, Canada, China and India.
read more09/08/2008
HSH Nordbank strengthens its financial clout
HSH Nordbank AG closed out the first half of 2008 with a profit. Group net income came to EUR 129 million (2007: EUR 727 million). Net income before tax came to EUR 99 million (2007: EUR 871 million). This figure includes EUR 511 million in writedowns on the credit investment portfolio. All in all, therefore, HSH Nordbank has proved robust in the second half-year of the crisis.
read more09/03/2008
Walter Breinl appointed speaker of the management of Railpool GmbH
HSH Nordbank and KfW IPEX-Bank GmbH have appointed Dr. Walter Breinl speaker of the management of Railpool GmbH. The Munich-based railway asset manager was established as a joint venture by both banks in July 2008. Its business purpose is to cover part of the incremental rolling stock requirements created by the ongoing privatisation of Europe’s railway systems. Dr. Walter Breinl will assume his new task starting October 1, 2008. The Railpool management team also comprises Christoph Katzensteiner.
read more09/02/2008
HSH Nordbank finances Market Leader of Self Storage Properties in UK about £325 Million
HSH Nordbank has arranged and underwritten a £325 million, 5 year facility for Big Yellow, the leading provider of self storage facilities in the UK. The facility will replace a similar facility provided by a syndicate of banks led by the Royal Bank of Scotland Group PLC.
read more08/21/2008
HSH Nordbank Real Estate Risk Trend, summer 2008:
The investment risks and rent risks on the global office markets have continued to show an upward trend in recent months. Particularly in European office hubs such as London or Paris, risks have pushed upward. Similar, sometimes hefty increases have been reported from the United States. Thus, the cooling economy puts additional pressure on investment volumes and local letting markets. For the time being, Germany takes exception to the global trend, showing constant risk levels on the investment markets and an actual decline in rent risks. Between now and 2011, risks in Europe are likely to decline across the board, whereas in many US cities they will keep pushing upward. These are the key findings of the real estate risk trend that HSH Nordbank publishes twice a year.
read more08/07/2008
HSH Nordbank finances four commercial passenger jets for Shandong Airlines
HSH Nordbank’s air finance specialists have closed their first pre-delivery onshore aircraft financing in China. This marks the first-ever complete handling of a pre-delivery financing for a Chinese borrower from the air transportation sector by HSH Nordbank’s Shanghai branch. The financing is for three Boeing B737-800 for Shandong Airlines. In addition, HSH Nordbank will also provide Shandong Airlines with long-term finance for another plane of the same type. The total loan volume is in the vicinity of USD 60 million.
read more08/06/2008
HSH Nordbank, NIBC, and Nord LB Underwrite Portfolio Transaction of Speymill Group, London
A banking syndicate comprising HSH Nordbank, the Dutch NIBC Bank, and Nord LB have decided to underwrite the financing of a real estate portfolio of the London-based Speymill Group. The financing volume equals 377 million Euros.
read more08/06/2008
HSH Nordbank successful in Latin American M&A
HSH Corporate Finance GmbH, a wholly owned subsidiary of HSH Nordbank, played a successful advisory role in the sale of Colombian air cargo company Tampa Cargo S.A. to the country’s flag carrier, Avianca S.A. HSH Nordbank acted under a mandate from the Dutch Martinair Holland N.V. and several private investors.
read more08/05/2008
HSH Nordbank finances the world’s most powerful wind farm in Belgium
The world’s most powerful wind farm is currently being built on a nine square kilometre site in the Belgian community of Estinnes. HSH Nordbank AG has been mandated as the Lead Arranger to structure the EUR 97.9 million financing package for the construction and operation of the turbines. According to Belgian wind farm planner Windvision, the project is scheduled for completion in late 2009.
read more07/18/2008
General Meeting approves capital increase
The shareholders of HSH Nordbank followed the recommendation of the Supervisory Board and unanimously approved the proposed capital increase at the Extraordinary General Meeting on July 18, 2008. The increase will improve the bank’s capital structure and strengthen the capital base for financing its future growth.
read more07/17/2008
Deutsche Bank and HSH Nordbank arrange financing of ten capesize bulkers for E. R. Schiffahrt
A banking syndicate led by Deutsche Bank AG and HSH Nordbank AG has arranged the syndication of a USD 753.1 million loan for the financing of ten capesize bulkers for Hamburg-based shipping company E. R. Schiffahrt GmbH & Cie KG. E. R. Schiffahrt’s equity portion in the deal amounts to approx. USD 300 million for a total investment volume of USD 1.056 billion.
read more