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Debt Issuance Programme The Debt Issuance Programme provides continuing success on the path to greater international focus - Documentation compliant with EU Prospective Directive Deutsche Hypo sees itself as a capital market partner that meets the individual investment requirements of institutional investors. As an active and flexible partner for institutional investors, Deutsche Hypo issues traditional securities that are oriented towards the domestic market, as well as structured issues that meet a wide range of investor needs with their tailor-made, individual features. Deutsche Hypo thus offers a product range that is permanently and rigorously geared to the demands of the market. The Debt Issuance Programme (DIP), launched in January 2004 and worth € 12 billion provides the platform for all issued products, i.e.
enabling them to be marketed internationally in a large number of established currencies. As the privilege for frequent issuers (“Daueremittentenprivileg”) ended on 31/12/2008, the Debt Issuance Programme is hence the only platform for the issuance of bearer notes according to the applicable law (“WpPG – Wertpapierprospekt-gesetz”). We guarantee that dealer institutions will receive the utmost in price transparency and consistency – a service that will also indirectly benefit final investors. We aim to achieve this by mailing our price indications as a PDF attachment to all the programme dealers at least once a month and, in particular, whenever any changes occur. The Debt Issuance Programme is also open to new counterparties who can make drawings on the Programme in the capacity of ad-hoc dealers or dealers of the day. New counterparties that perform consistently well will then be given the option of also becoming programme dealers. Deutsche Hypo permanently offers ample liquidity even for large withdrawals as part of the Debt Issuance Programme; the issues – also available in non-European currencies – are currently being well received on the market, in particular by internationally active investors. There is very brisk demand on the DIP issuing platform. The international distribution of the previous issue volume (since programme launch) of € 18.2 billion as at June 2010 was as follows:
The issue currencies were the euro (86%), the US dollar (6%), the Swiss franc (4%), the Japanese yen (3%), the pound sterling (1%) and the New Zealand dollar (a relatively small issue). The proportion of structured products in relation to new funding business is currently 0%. Issuing activity under the Debt Issuance Programme has been supported by the entire programme consortium, with each institution playing to its particular regional and structural strengths in terms of placement. Details of the composition of the consortium and all further basic data relating to the Programme can be found in the Prospectus  , which is compliant with the EU Prospectus Directive, already transposed into German national law, and therefore fully in line with the latest documentation requirements.In its refinancing activities, as in all its operations on the capital markets, Deutsche Hypo makes a point of reacting quickly and flexibly to investor wishes as well as to market requirements so as to exploit the multiplier effect within the renowned and international dealer consortium and thus meet investor demand as effectively as possible. By building on cordial, trusting and long-term relations with key players on the international capital markets, Deutsche Hypo aims to establish the broadest possible pool of investors. The product range, accessible in particular through the Debt Issuance Programme, is rated very highly, creating lasting investor confidence and in particular making it easier to place the products internationally. If you have any questions or queries regarding pricing quotes and drawings on the Debt Issuance Programme, please contact the following representatives of our Treasury team: |
| Dirk Schönfeld, Head of Treasury | +49 511 3045-204 |
| Jürgen Klebe, Deputy Head of Treasury | +49 511 3045-202 |
| Christian Fischer | +49 511 3045-200 |
| Cristina Guilherme | +49 511 3045-207 |
| Sascha Langeheine | +49 511 3045-201 |
| Gudrun Pösger | +49 511 3045-206 |
| Maren Tegtmeier | +49 511 3045-203 |
