Hypo Real Estate Bank International AG, which was merged into Deutsche Pfandbriefbank AG (“pbb”), issued Credit Linked Notes (“CLNs”) in February 2007, within the scope of the Estate UK-3 (“UK-3”) synthetic securitisation transaction. The CLNs were issued in order to hedge a portfolio of loans in the UK. The portfolio comprised 13 loans, financing 110 commercial property assets. The CLNs have an aggregate volume of £113.68m, structured in six classes
14 Dec 2016
Expert procedure for “Estate UK-3” could lead to a big loss
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Expert procedure for “Estate UK-3” could lead to a big loss
Deutsche Pfandbriefbank AG (PBB:WBO) | 0 0 (-0.8%) | Mkt Cap: 1,864m
- Published:
14 Dec 2016 -
Author:
Dieter Hein -
Pages:
2
Hypo Real Estate Bank International AG, which was merged into Deutsche Pfandbriefbank AG (“pbb”), issued Credit Linked Notes (“CLNs”) in February 2007, within the scope of the Estate UK-3 (“UK-3”) synthetic securitisation transaction. The CLNs were issued in order to hedge a portfolio of loans in the UK. The portfolio comprised 13 loans, financing 110 commercial property assets. The CLNs have an aggregate volume of £113.68m, structured in six classes