Hypo Real Estate Bank International issues third 'Slimbo' money market bond (DE)

Hypo Real Estate Bank International AG (Stuttgart) has issued its third "Slimbo" (Short Liquid Money Market Bond). The "HI Slimbo No. 3" has an issue volume of €1 billion.

It has a maturity of 10 months and a coupon of 3,125%. The reoffer spread is 6 bp above 10 month Euribor. This is equivalent to a yield of 3,228%. The smallest tradable unit is €50,000. The "HI Slimbo No. 3" will be listed at the Stuttgart stock exchange. The lead managers are: Deutsche Bank, DRKW, IXIS CIB, LBBW, DZ-Bank, Commerzbank and WestLB.

Source: Hypo Real Estate

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