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