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HCOB Funding II

HCOB Funding II

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Publicatie datum 08 mrt 2011 - 09:42
Statutaire naam HCOB Funding II
Titel HSH N Funding II: Participation in losses and non-payment of coupons for HSH Nordbank's hybrid capital
Bericht March 07, 2011 HSH N Funding II (the Company) announces the following: The Company was informed by HSH Nordbank AG, Hamburg and Kiel ("the Bank"), that the financial statements for the business year 2010 of the Bank according to HGB ("Handelsgesetzbuch" / German GAAP) will report a balance sheet loss/net loss for 2010. Therefore, no coupon payments for the fiscal year 2010 will be made by the Bank on silent participations and profit participation capital. Moreover, these hybrid instruments will participate in the Bank's balance sheet loss/net loss.