French CD-Program
The French-CD Program of Hypo Real Estate Bank International was issued on 30 September 2004 with a total volume of EUR 3 billion. The new volume since 13 January 2006 has been EUR 5 billion. French CDs (i.e. short-term bearer bonds with maturity periods of one week to one year, can be issued within the framework of this internationally standardised contract.Hypo Real Estate Bank International can call on the services of the following dealers (placers):
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Advantages for Hypo Real Estate Bank International:
- Cheaper refinancing in comparison with borrowing on the interbank market
- Broadening of the investor base
- Easing of credit lines in interbank business
- Important element in the internationalisation strategy of Hypo Real Estate Bank International
- Standardised general contract and, thus, simpler documentation, also for investors
- Diversification of funding sources
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Info Memorandum French CD Program December 2009 |  |
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