Home Banking HSH Nordbank places further benchmark mortgage pfandbrief

HSH Nordbank places further benchmark mortgage pfandbrief

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HAMBURG/KIEL HSH Nordbank today placed a benchmark mortgage pfandbrief in the amount of EUR 500 million and with a term of 4 years.

HSH Nordbank has thus successfully placed its second mortgage pfandbrief in benchmark size this year; the first issue took place in late March 2012. The coupon of the pfandbrief placed today was set at 1, 125 percent. The issue price of 99, 573 percent equates to a re-offer spread of 18 basis points above the mid-market swap rate. The issue met with very strong demand from institutional investors inside and outside Germany. HSH Nordbank closed its book, by then almost two times oversubscribed, after less than an hour. HSH Nordbank issued the mortgage pfandbrief as joint lead manager together with BNP Paribas, Commerzbank, DZ Bank and HSBC.

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1 comment

At last! November 24, 2012 - 7:34 PM

If you park on the street in New York, I found an App where the parking is depicted with clocks and actually makes sense. A parking map.

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