|
contents | business | |||||||||
| SoFFin grants EUR 20 billion to Hypo Real Estate Group 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. write your comments about the article :: © 2008 Construction News :: home page |