30.10.2008 - Hypo real estate taps Germany's rescue fund
From WSJ: German property financier Hypo Real Estate Holding AG said early Wednesday it has applied for a guarantee by the German government's 500 billion ($635 billion) rescue fund to back up short-term liquidity needs, as a 50 billion bailout plan agreed in October is being finalized. The guarantee, which the company requests for a 15 billion liquidity line provided by the German central bank, or Deutsche Bundesbank, aims to cover short-term liquidity requirements before the agreed 50 billion rescue package involving bank loans and a state guarantee becomes "fully available by mid-November," the company said. .... Full Article: Source
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