Hypo Real Estate Holding AG / Agreement
21.11.2008
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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SoFFin grants EUR 20 billion framework guarantee to Hypo Real Estate Group
The German Financial Markets Stabilisation Fund ('SoFFin') has granted a
EUR 20 billion framework guarantee to Hypo Real Estate Group, to strengthen
the Group's liquidity.
Hypo Real Estate Bank AG, part of Hypo Real Estate Group, can use the
guarantees to be issued by SoFFin to collateralise debt securities to be
issued, which must be due for repayment by 15 January 2009 at the latest.
Hypo Real Estate Bank AG will pay to SoFFin a pro-rata commitment
commission of 0.1% of the undrawn portion of the frame work guarantee. The
fee for guarantees drawn will be 1.5% p.a..
The agreed framework guarantee is a result of the ongoing negotiations of
Hypo Real Estate Group with SoFFin regarding longer-term and comprehensive
liquidity and capital support measures for the Group.
Contact:
Reiner Barthuber +49-89-203007-201
DGAP 21.11.2008
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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, München, Hamburg;
Terminbörse EUREX
End of News DGAP News-Service
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DGAP-Adhoc: Hypo Real Estate Holding AG: SoFFin grants EUR 20 billion framework guarantee to Hypo Real Estate Group
| Source: EQS Group AG