03/10/2008
HSH Nordbank demonstrates operating strength
HSH Nordbank has used the operating strength it demonstrated last year to adjust the risks resulting from the current financial market crisis systematically, by means of very extensive provisioning.
read more03/10/2008
Survey by HSH Nordbank / HSH Real Estate: Virtually No Slowing of Real Estate Boom in Asia-Pac Financial Centres
Last year saw investments totalling US Dollar 121 billion in direct real estate investments in the Asian-Pacific region. This translates into a 27 percent increase compared to 2006. The region’s share in the global investment volume thus rose from about eight percent in 2003 up to 16 percent in 2007. Notwithstanding the decline of the global investment volume, forecasts predict another growth year for 2008, even if the growth curve is likely to flatten to some extent. This is the finding of “Asian-Pacific Financial Centres – Opportunities for Investors,” the latest study compiled by HSH Nordbank and HSH Real Estate. This survey analyses the economic perspectives and developments on the investments markets as well as the real estate and capital markets of the Asia-Pac financial hubs Hong Kong, Singapore, Sydney, and Tokyo.
read more03/07/2008
HSH Nordbank Finances New Spiegel Verlag head office
HSH Nordbank AG has underwritten financing in a total volume of Euro 83.5 million toward the purchase and development of a plot located at “Ericusspitze” in Hamburg’s new waterfront district, HafenCity. The development involves the construction of an office building with a floor space of about 30,000 square metres in one part of this area of about 6,400 square metres, located south of Dalmannkai. The building’s completion is scheduled for 2010.
read more03/07/2008
HSH Nordbank arranges two important Syndication Transactions in Greece
With an overall volume of USD 554 million US-Dollar, based on two Syndication Transactions, HSH Nordbank strengthens its position in the Greek shipping market. Both deals have been arranged and closed this year.
read more03/06/2008
HSH Nordbank Real Estate Risk Trend: Slight Increase in Investment Risks for Office Real Estate Worldwide
The investment risks on the world’s office real estate markets have perked up across the board, with few exceptions. The sustained global trend of declining risk rates that started in the summer of 2006 has thus been checked. This is the finding of the latest Real Estate Risk Trend report published by HSH Nordbank. While the pace of the risk increase remains moderate, the development already reflects the impact of the financial crisis as well as the expectation that the economy will slow down. The most notable risk increases are reported from submarkets in New York and London. Paris and Düsseldorf, by contrast, are the only cities to report a decline in investment risks.
read more02/26/2008
HSH Nordbank files claim against UBS
HSH Nordbank confirms that it has filed its claim against UBS in respect of significant losses incurred on a US$500 million portfolio of CDOs linked to the US mortgage market which were structured and sold by UBS. The investments were sold by UBS in 2002 to Landesbank Schleswig-Holstein which subsequently merged with Hamburgische Landesbank to become HSH Nordbank AG.
read more02/26/2008
HSH Nordbank finances Luxury Trains in China
HSH Nordbank AG closed a project financing of 30 million USD for RailPartners. The maturity of the facility is 8.5 years. Total project volume is 140 million USD, with 45 million to be financed by the shareholders of RailPartners and 95 million to be financed by the project financing. The shareholders of RailPartners include Shanghai based TZG Holdings Limited, an experienced company focused on China’s leisure sector, Wing On Travel, Hong Kong’s largest travel agency, and PYI Corporation, a Hong Kong based company focused on the infrastructure and logistics sector.
read more02/24/2008
HSH Nordbank to pursue legal proceedings against UBS
HSH Nordbank announces that it has decided to start legal proceedings against UBS to recover significant losses incurred on a US$ 500 million portfolio of CDOs (collateralised debt obligations) linked to the US mortgage market which were structured and sold by UBS. The investments were sold by UBS in 2002 to Landesbank Schleswig-Holstein which subsequently merged with Hamburgische Landesbank to become HSH Nordbank AG. HSH Nordbank has only taken this action after careful consideration and on legal advice. It expects to file its claim against UBS in the State of New York by the end of February.
read more02/12/2008
Contract for extensions to Moscow airport signed
In record time of only four months, HSH Nordbank AG and Sberbank of Russia have successfully completed negotiations for a contract with the operator of the Sheremetyevo International Airport concerning the financing for the construction of Terminal 2 at the airport. As a result, a credit facility of USD 222 million is now available with immediate effect. In September, the two banks were selected as joint mandated lead arrangers to commence exclusive negotiations with the airport operator, prevailing in a tender process in which over 20 Russian and international banks had participated.
read more01/31/2008
Change in the domestic Shipping Division - Frank Bünte will follow Markus Lange
Markus Lange (44), currently Deputy Head of Shipping and Head of the business area Domestic Clients in the Shipping Division at HSH Nordbank will leave HSH Nordbank Group at his own request in the middle of March. He then will join the board of management of a Hamburg based shipping company.
read more01/22/2008
HSH Nordbank to open a Representative Office in Mumbai
HSH Nordbank AG received approval from the Reserve Bank of India, the Indian banking regulatory authority, for establishing a Representative office in Mumbai.
read more01/16/2008
HSH Nordbank to finance Evans Randall’s EUR 240 million office investment in Brussels
HSH Nordbank AG will finance purchase of the “Covent Garden” office complex in Brussels by London-based Randall Investment Management Ltd. The finance volume amounts to about EUR 240 million.
read more01/08/2008
HSH Nordbank places world’s first jumbo ship Pfandbrief with an Aaa rating
World’s first jumbo ship Pfandbrief, which HSH Nordbank offered for subscription today, met with overwhelming demand. HSH Nordbank closed the book, by then three times oversubscribed with more than three billion euros, after less than two hours at about 10.15 a.m. The ship Pfandbrief, which HSH Nordbank launched as joint lead together with Deutsche Bank and HSBC, is not only world’s first jumbo ship Pfandbrief, but also the first jumbo placement of the financial year that has just begun. The issue’s volume is one billion euros with a coupon of 4.25 percent (mid-swaps flat) and a two-year term. Back in September rating agency Moody’s already gave the related ship-cover pool amounting to about EUR 2.5 billion the highest possible rating of Aaa.
read more12/12/2007
HSH Nordbank sector study: airfreight market continues on a growth course
The airfreight market will continue to be one of the global growth sectors over the next few years. According to a recent study by HSH Nordbank AG, medium to long-term forecasts by market participants expect further growth in the airfreight sector. The greatest impact on the airfreight market comes from the trends within the global economy and global trade. In this context, HSH Nordbank is projecting long-term global trade growth of seven percent p.a.
read more12/07/2007
Three JTF awards for HSH Nordbank
HSH Nordbank has received multiple awards from international specialist periodical Jane’s Transport Finance (JTF). At this year’s Gala Awards Dinner in London’s Merchant Taylors’ Hall, HSH Nordbank’s Transportation Finance team received as many as three of the sought-after awards for its work this year. The Bank was awarded the “Aircraft Debt Deal of the Year – Asia”, the “Shipping Debt Deal of the Year – North America” and the “Rail Finance Innovator 2007”.
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