HRE’s SoFFin request raises new concerns
Hypo Real Estate yesterday (Tuesday) applied to the German Financial Markets Stabilisation Fund (SoFFin) for a guarantee for a planned Eu15bn liquidity facility from the Bundesbank to cover the group’s short term liquidity requirements. In addition, HRE today (Wednesday) announced that it will seek additional support from the Stabilisation Fund, which may involve capitalisation measures.
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