The aim of the Bank’s funding strategy is to ensure a cost-efficient and stable refinancing base which is optimally diversified and aligned with market demand at all times. In the home market of Germany in particular, HSH Nordbank has a stable base of institutional and private investors.

Financing instruments

For long-term funding we offer national and international investors senior unsecured issues, and mortgage, shipping and public-sector Pfandbriefs in registered and bearer form. The bank launches issues both strategically and flexibly in line with market conditions. In particular, investors can enjoy private placements in a broad range of currencies and structures.

The HSH Nordbank debt issuance programme has been set up in accordance with the EU Prospectus Directive and has a total volume of EUR 25 billion, which can be issued as unsecured and subordinated bonds, Pfandbriefs and profit participation certificates.


HSH Nordbank and its predecessor institutions have placed various Tier 1 (core capital) issues with international investors to diversify the capital base.

More on Tier 1 issues (prospectuses and term sheets)

Covered Bond Information


Reports according to §28 PfandBG

Here you will find the "as at" reporting for the date specified below


Covered Bond Rating