Helaba intends to refinance around 13bn Euro through the international capital markets this year. Our issuing activities are aimed at:
For Helaba, the maturity matched refinancing of new business continues to be of high priority. The qualified management of structural liquidity gains through the outstanding regulatory changes, even more in significance. The rating agencies also attach more importance to this issue.
The Helaba Group has a broad and stable base of both institutional and retail investors in the domestic market. The soundness of this investor base is being increasingly recognized by foreign investors, enabling Helaba to further diversify its refinancing activities abroad.
Helaba aims at securing a continuously available, effective and cost-efficient refinancing. Therefore, Helaba is focused upon further developing its product range and structuring capabilities. As funding instruments, unsecured bearer bonds, promissory notes and public sector and mortgage backed covered bonds in both bearer and registered format, are issued domestically and as MTNs.
Helaba funds itself in the medium and long term essentially through the issuance of Pfandbriefe.
All of Helaba’s Pfandbriefe qualify as “gilt-edged securities” as defined in § 1807 of the German Civil Code (“mündelsicher gemäß § 1807 BGB”) and also qualify as “collateral” pursuant to § 54 of the German insurance supervisory law (“gemäß § 54 Abs. 3 VAG i.V.m. § 2 Abs. 1 Nr. 6 der AnlV”).
In addition, Helaba Pfandbriefe are normally listed on the Frankfurt Stock Exchange and as such qualify as Category 3 Eligible Assets for the European Central Bank.
Products are made available in various forms and structures to suit individual investor requirements:
If requested, suitable structures can be augmented with imbedded options such as: caps, floors, collars, calls, puts, switch, etc.
Halaba has various debt issuance programmes securing adequate access to the national and international funding markets. In general investors will use thereby our basis prospectus (replacement of the former frequent issuer status “Daueremittentenstatus”). International enquiries are normally served through the € 35 bn Euro Debt Issuance Programme (EMTN Programme).