RESPARCS Funding II Limited Partnership
RESPARCS Funding II Limited Partnership: ANNUAL REPORT AND AUDITED FIN STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017 (news with additional features)
DGAP-News: RESPARCS Funding II Limited Partnership / Key word(s): Final Results/Final Results REPORT OF THE GENERAL PARTNER
The General Partner, European Capital Investment Opportunities Limited, presents its annual report and the audited financial statements of RESPARCS Funding II Limited Partnership (the ”Partnership”) for the year ended 31st December 2017. PARTNERSHIP The Partnership was established on 17th April 2003 and is registered as a limited partnership in Jersey under the Limited Partnerships (Jersey) Law 1994 for an unlimited duration. The Partnership commenced activities on 26th May 2003, with the issue of EUR500,000,000 nominal Re-Engineered Silent Participation Assimilated Regulatory Capital (RESPARC) Securities (the “RESPARC Securities”, or “Capital Securities” or “Securities”). ACTIVITIES The principal activity of the Partnership is to participate in financing activities arranged for HSH Nordbank Aktiengesellschaft (“HSH Nordbank AG” or the “Bank”). The Partnership has issued EUR500,000,000 nominal 7.5% RESPARC Securities, the proceeds from which have been used to acquire a silent capital interest (the “Silent Contribution”) in the commercial enterprise of HSH Nordbank AG in the form of a “Stille Gesellschaft” under German law in the amount of EUR500,000,000. The market for the Silent Contribution and hence the RESPARC Securities issued by the Partnership, is limited to highly sophisticated investors who understand the risks and rewards associated with these financial instruments. The RESPARC Securities are listed on the Frankfurt Stock Exchange and the Official Segment of the stock market of Euronext Amsterdam N.V. As at 31st December 2017 the fair value of the RESPARC Securities was 43.063% (31st December 2016: 15.5%) of the nominal value. For further details on activity of the Partnership and events during the year please refer to note 2 and note 8. GOING CONCERN Due to the limited recourse nature of the structure and available liquidity facility, the General Partner is of the opinion that the Partnership will be able to meet its obligations as they fall due. Therefore the financial statements have been prepared on a going concern basis, notwithstanding the net liability position of the Partnership at the year end. Detailed information on the General Partner’s assessment of going concern is disclosed in note 1. Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=KMUFYCRBUL Document title: Resparcs Funding II LP 2017
30.04.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | RESPARCS Funding II Limited Partnership |
22 Grenville Street | |
JE4 8PX St.Helier/Jersey Channel Islands | |
United Kingdom | |
Phone: | – |
Fax: | – |
E-mail: | – |
Internet: | www.resparcs.com |
ISIN: | DE0009842542 |
WKN: | 984254 |
Listed: | Regulated Market in Frankfurt (General Standard) |
End of News | DGAP News Service |
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden