HSH Nordbank closes second ship loan securitisation

European, American and Asian institutional investors purchased the credit-linked notes, which consist of an underlying portfolio of 72 loans mainly used for financing container ships, tankers and dry-bulk carriers, the bank said.

HSH Nordbank has now executed ship loan securitisations totalling around $1.6 billion, including the ‘Ocean Star 2004’ securitisation. But this latest deal was the first the bank had conducted since Germany abolished state guarantees to landesbanken in July this year.


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