-HSH Nordbank to buy back two subordinated bonds.
Global Banking News - 09 February 2012
Germany's HSH Nordbank AG is planning to buy back two series of its outstanding subordinated bonds.
HSH is offering to buy back up to half of its EUR750m, callable, fixed and floating-rate notes, maturing in February 2017, and its EUR1bn, callable, step-up floating-rate note, also maturing in February 2017. The bonds will be bought back at 68 percent of their face value.
BNP Paribas SA (BNPP.PA) (LSE: BNP) (OTC: BNPQY), Nomura (NYSE: NMR) (TYO: 8604) (AMS: 8604) and HSH will manage the offer, which is expected to expire on February 16.
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