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Hypo Real Estate says Soffin grants 15 bln euros

Posted on 31 October 2008

From Bloomberg: Hypo Real Estate Holding AG, the lender that received a 50 billion-euro ($64.3 billion) bailout from the German government, said it received an additional 15 billion-euro guarantee to cover short-term cash requirements.

The credit line from Soffin, the Financial Markets Stabilization Fund, is funded by the Bundesbank to cover its short-term funding needs following market turmoil, the Munich- based lender said late yesterday in a statement on the DGAP-Adhoc newswire….. Full Article: Source


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