Hypo Real Estate Holding AG / Agreement
30.10.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Munich, 30 Oct 2008 The German Financial Markets Stabilisation Fund
('SoFFin') today granted the EUR 15 billion guarantee applied for by Hypo
Real Estate Group on 28 Oct 2008. The guarantee will cover a bank bond
which Hypo Real Estate Group can pledge to draw on a special EUR 15 billion
liquidity support facility from Deutsche Bundesbank. The guarantee has a
short-term maturity. It is planned to refinance the liquidity provided
hereunder with the liquidity facility to be provided by a German financing
consortium, Deutsche Bundesbank, and the German Ministry of Finance, as
announced earlier.
The Group today also reached an agreement with the financing consortium on
a key element of this latter facility. It is envisaged to provide the full
extent of liquidity facilities by mid-November.
Contact:
Reiner Barthuber +49-89-203007-201
DGAP 30.10.2008
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Language: English
Issuer: Hypo Real Estate Holding AG
Unsöldstraße 2
80538 München
Deutschland
Phone: +49 (0)89 203 007-780
Fax: +49 (0)89 203 007-772
E-mail: ir@hyporealestate.com
Internet: www.hyporealestate.com
ISIN: DE0008027707
WKN: 802770
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Stuttgart, Düsseldorf, Hamburg, München;
Terminbörse EUREX
End of News DGAP News-Service
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DGAP-Adhoc: Hypo Real Estate Holding AG:Financial Markets Stabilisation Fund guarantees bank bond; first element of liquidity facility agreed with consortium of banks
| Source: EQS Group AG