STOCK EXCHANGE ANNOUNCEMENT
11 February 2009
For immediate release
THE FOLLOWING IS THE TEXT OF AN AD HOC ANNOUNCEMENT MADE BY HYPO REAL ESTATE
HOLDING AG ON 11 February 2009, 11.18 CET:
[Translated from German]
“SoFFin extends framework guarantee to Hypo Real Estate Group by EUR 10 billion
Munich, 11 February 2009 - The German Financial Markets Stabilisation Fund
("SoFFin") has granted an additional EUR 10 billion framework guarantee,
expiring on 12 June 2009, to Hypo Real Estate Group.
Hypo Real Estate Bank AG, part of Hypo Real Estate Group, will use the guarantee
framework to collateralise debt securities to be issued, which are due for
repayment by 14 May 2009. Hypo Real Estate Bank AG will pay to SoFFin a pro-rata
commitment commission of 0.1% on the undrawn portion of the framework guarantee,
and a 0.5% p.a. fee on guarantees drawn upon.
The aggregate guarantee framework provided by SoFFin to the Group amounts to EUR
52 billion.
Negotiations between Hypo Real Estate Group and SoFFin regarding more extensive
and longer-term liquidity and capital support measures have not yet been
finalised.”
Contact: Julia Hoggett: +353 (1) 792 2004
Issued on behalf of DEPFA BANK plc in respect of its listed bonds.
SoFFin extends framework guarantee to Hypo Real Estate Group by EUR 10 billion
| Source: DePfa Bank plc