30 October 2008
THE FOLLOWING IS THE TEXT OF AN AD HOC ANNOUNCEMENT MADE ON 30 OCTOBER 2008 BY
HYPO REAL ESTATE HOLDING AG at 22.20:
“Hypo Real Estate Holding AG
Financial Markets Stabilisation Fund guarantees bank bond;
First element of liquidity facility agreed with consortium of banks
Munich, 30 Oct 2008 - The German Financial Markets Stabilisation Fund ("SoFFin")
today granted the EUR 15 billion guarantee applied for by Hypo Real Estate Group
on 28 Oct 2008. The guarantee will cover a bank bond which Hypo Real Estate
Group can pledge to draw on a special EUR 15 billion liquidity support facility
from Deutsche Bundesbank. The guarantee has a short-term maturity. It is planned
to refinance the liquidity provided hereunder with the liquidity facility to be
provided by a German financing consortium, Deutsche Bundesbank, and the German
Ministry of Finance, as announced earlier.
The Group today also reached an agreement with the financing consortium on a key
element of this latter facility. It is envisaged to provide the full extent of
liquidity facilities by mid-November.”
Contact: Julia Hoggett: +353 (1) 792 2004
Issued on behalf of DEPFA BANK plc in respect of its listed bonds.
Hypo Real Estate Holding AG Financial Markets Stabilisation Fund guarantees bank bond
| Source: DePfa Bank plc