DGAP-News: HSH Nordbank AG: Loss participation on hybrid capital instruments
(firmenpresse) - DGAP-News: HSH Nordbank AG / Key word(s): Payout/Bond
HSH Nordbank AG: Loss participation on hybrid capital instruments
31.03.2011 / 18:59
---------------------------------------------------------------------
Corporate News:
Silent Participations and Profit Participation Capital of HSH Nordbank
No distributions based on 2010 results - Loss participation of 4.188599266
Percent
Hamburg/Kiel - 31 March 2011 - The Supervisory Board of HSH Nordbank AG has
adopted the 2010 financial statements for the single entity according to
HGB (German GAAP) accounting. The financial statements report a balance
sheet loss/ net loss for 2010. As per the announcement of March 2, 2011, no
coupon payments for the fiscal year 2010 will be made on silent
participations and profit participation capital. Moreover, these hybrid
instruments will participate in the balance sheet loss/ net loss. The book
value of the silent participations and profit participation capital will be
reduced by 4.188599266 percent to 79.409905069 percent. All percentage
numbers refer to the original nominal amount (par value).
In addition to the privately placed silent participations and profit
participation capital the following publicly placed instruments based on
silent participations of HSH Nordbank AG are affected:
RESPARCS Funding II Limited Partnership Securities 7.5% EUR 500mn
(ISIN DE0009842542)
RESPARCS Funding Limited Partnership I Securities 8.0% USD 300mn
(ISIN XS0159207850)
HSH Nordbank Sparc Securities 7.4075% EUR 500mn
(ISIN XS0142391894)
HSH Nordbank Sphere Securities 7.25% USD 500mn (ISIN XS0221141400)
Contact:
HSH Nordbank AG
Günter Femers
Investor Relations
Tel. +49 431 900 14601
Fax + 49 431 900 614601
E-Mail: guenter.femers(at)hsh-nordbank.com
www.hsh-nordbank.de
HSH Nordbank AG
Rune Hoffmann
Company spokesman
Tel. +49 40 33 33 11412
Fax +49 40 33 33 611412
E-Mail: rune.hoffmann(at)hsh-nordbank.com
www.hsh-nordbank.de
End of Corporate News
---------------------------------------------------------------------
31.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: HSH Nordbank AG
Gerhart-Hauptmann-Platz 50
20095 Hamburg
Deutschland
Phone: +49 (0)40 33 33-0
Fax: +49 (0)40 33 33-340 01
E-mail: info(at)hsh-nordbank.com
Internet: www.hsh-nordbank.com
ISIN: DE0009842542
WKN: 984254
Listed: Regulierter Markt in Frankfurt (General Standard), Hamburg
End of News DGAP News-Service
---------------------------------------------------------------------
117988 31.03.2011
Datum: 31.03.2011 - 18:59 Uhr
Sprache: Deutsch
News-ID 33683
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 258 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: HSH Nordbank AG: Loss participation on hybrid capital instruments"
steht unter der journalistisch-redaktionellen Verantwortung von
HSH Nordbank AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
