By Devika Patel
Knoxville, Tenn., Sept. 3 – hsh portfoliomanagement priced $250 million of 0.5% two-year notes at 99.969, according to a market source.
J.P. Morgan Securities plc was the stabilization coordinator, and Barclays and Citi were the stabilization managers.
The notes will be guaranteed by the State of Hamburg and the State of Schleswig-Holstein.
The Kiel, Germany-based independent public law institution is entrusted with the task of realizing and winding-down risk positions acquired from HSH Nordbank AG and its subsidiaries.
| Issuer: | hsh portfoliomanagement
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| Guarantor: | State of Hamburg and the State of Schleswig-Holstein
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| Amount: | $250 million
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| Description: | Notes
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| Maturity: | Sept. 9, 2022
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| Bookrunners: | J.P. Morgan Securities LLC, Barclays and Citi
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| Coupon: | 0.5%
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| Price: | 99.969
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| Announcement date: | Sept. 3
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