Hypo RE Bank issues €1.5 bn bond

Hypo Real estate Bank has launched a €1.5 bn Senior Unsecured Benchmark bond. It carries a variable coupon of three-months-Euribor +0.125% and matures in three years. The reoffer-spread has been set at +20 bp over three-months-Euribor and the reoffer price has been fixed at 99.786%.

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