HSH Nordbank places € 500 million mortgage pfandbrief

Hamburg/Kiel, July 5, 2018 - HSH Nordbank is taking advantage of the favourable market situation by issuing a five-year mortgage pfandbrief in benchmark format. Pricing was 18 basis points above mid-swaps. The order book was with more than € 1 billion well oversubscribed, with an issuance volume of € 500 million and closed within a few hours. Moody’s has issued an “Aa3” rating for the mortgage pfandbrief.

“With this issue we are continuing our ongoing refinancing strategy. The high demand from both domestic and international investors demonstrates that we will remain also in the future as privatised Bank a reliable partner on the capital market,” said Mark Bussmann, Head of Treasury & Markets at HSH Nordbank. “With a term until mid-2023 it ideally supplements the maturities of our outstanding pfandbriefs.”

The pfandbrief carries a fixed interest rate with an annual coupon of 0,375 percent and is primarily collateralised by loans for commercial real estate in Germany. Around 40 percent of the bond volume has been subscribed by international investors. The bookrunners were Barclays, BNP Paribas, Deutsche Bank, HSH Nordbank and NordLB, with NIBC acting as co-lead.

The information contained in this press release does not constitute an offer for the sale of any type of HSH Nordbank AG securities. Securities of HSH Nordbank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.

This press information can contain forward-looking statements. These statements are based on our beliefs and assumptions, on information currently available to us which we consider reliable. Forward-looking statements include all statements which are not historical facts, including information concerning future growth prospects and future economic developments.

Such forward-looking statements are based on assumptions relating to future events and are subject to uncertainties, risks and other factors, a large number we cannot influence. Thus actual events can differ considerably from the forward-looking statements made. We make no warranty for the correctness or completeness of these statements or the actual occurrence of the statements made. Furthermore, we assume no obligation for updating the forward-looking statements after this information has been published.