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HSH mandates investment bank to sell loan portfolio
02 December 2011
Citi is seeking buyers for the German bank's Eur5 billion ($6.7 billion) aviation loan book.
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HSH Nordbank has mandated US investment bank Citi to sell all or part of its aviation portfolio. The German bank confirmed it would exit aviation in July. The decision to stop aviation lending is part of an agreement between the EU and HSH Nordbank's shareholders that obliges the bank to reduce its USD loan exposure. Read more here. The bank has not been...
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