HSH Nordbank has placed a mortgage Pfandbrief of EUR 500 mln, in its first Pfandbrief issue this year. The Pfandbrief has a 3.5 year term and a coupon of 2.5%. The issue price was set at 99.62%, which equates to a re-offer spread of 25 basis points above the mid-market swap rate.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
