16.01.2014
EUROHYPO CAPITAL FUNDING TRUST I
Wilmington, Delaware, U.S.A.
600,000 Noncumulative Trust Preferred Securities
- ISIN: XS0169058012 -
Capitalised terms not otherwise defined herein shall have the meanings given to them in the Offering Circular issued in connection with the Noncumulative Trust Preferred Securities of Eurohypo Capital Funding Trust I ("Trust Preferred Securities") dated 23 May 2003 (the "Information Memorandum ") and constitutes a prospectus for the purpose of the listing and issuing rule of the Luxembourg Stock Exchange.
Hypothekenbank Frankfurt AG (formerly Eurohypo Aktiengesellschaft) has agreed to make payments to the holders of the Trust Preferred Securities on or about 15 November 2013 with an overall amount of EUR 176,887,982.59 for the coupons foregone on 24 May 2010, 23 May 2011, 23 May 2012, 23 May 2013 and 23 August 2013. The overall amount of EUR 176,887,982.59 includes pre- and post-settlement interest on the foregoing amounts at an annual rate of interest of 5%, compounded semi-annually, from 24 May 2010, 23 May 2011, 23 May 2012, 23 May 2013 and 23 August 2013 respectively, through the date of payment. This relates to a payment of EUR 294.81 per denomination of EUR 1,000.
Commencing on the date of this announcement, regardless of whether Hypothekenbank Frankfurt AG has a fiscal year profit but otherwise subject to the terms and conditions of the Trust Preferred Securities, for those Class B Payment Dates for which the payment obligation on the Class B Preferred Securities is based on the Distributable Profits of Hypothekenbank Frankfurt AG for a fiscal year, Eurohypo Capital Funding LLC I will consider Hypothekenbank Frankfurt AG to have sufficient Distributable Profits to make Capital Payments on the Class B Preferred Securities and will cause Eurohypo Capital Funding Trust I to make Capital Payments to the holders of its Trust Preferred Securities for any fiscal year during which the domination and profit and loss transfer agreement dated 26 June 2007 between Commerzbank Inlandsbanken Holding GmbH and Hypothekenbank Frankfurt AG remains in effect.
Further, solely for the purposes of determining Capital Payments under the Amended and Restated Limited Liability Company Agreement of Eurohypo Capital Funding LLC I (the “LLC Agreement”), Eurohypo Capital Funding LLC I will consider profit participation certificates (Genussscheine) to be Parity Securities as that term is defined under the LLC Agreement.
Regular Trustee
Eurohypo Capital Funding Trust I
One Rodney Square, 10th Floor
190801 Wilmington, Delaware
United States of America