FMS Wertmanagement (FMS-WM), the public law entity founded by the Federal Agency for Financial Market Stabilisation (Bundesanstalt für Finanzmarktstabilisierung FMSA) as a winding-up agency for assets of HRE Group, was able to substitute this week the remaining Euro 15 billion of liquidity guarantees given by the Financial Market Stabilisation Fund (SoFFin) to HRE Group with own capital market emissions. On 1 October 2010, HRE-group had transferred assets of a nominal amount of Euro173 billion to FMS-WM. Simultaneously to this transfer Euro 124 billion of liquidity guarantees had been moved from HRE-group to the winding-up agency. Those guarantees have been reduced to zero by the management of FMS-WM in several steps.
“Therewith we have achieved one of our major goals for the first couple of months of our existence much earlier than expected,” says Ernst-Albrecht Brockhaus, within the management board in charge of refinancing. When looking for investors FMS-WM benefits from its status as a federal agency: All major rating-agencies provide top ratings.
If you have any questions, please do not hesitate to contact Andreas Henry, Head of Communications, at +49 89 954 7627 250 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
