Diary of a deal:the launch of HREI's €10 billion MTN programme
In 2003 HVB spun off its commercial real estate activities into Hypo Real Estate Holding. The international division Hypo Real Estate International (HREI) was headquartered in Dublin, and to address the operation's funding requirements, a €10 billion medium-term note (MTN) programme was iniatited. A substantial amount of the operation's funding needs will be covered through issuing instruments under this programme writes ECKEHARD DETTINGER-KLEMM.
Eckehard Dettinger-Klemm is managing director and a member of the board of Hypo Real Estate Bank International.
This article appeared in the April 2004 edition.