Company Announcement No. 111, 2014 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab
The refinancing of Nordea Kredit’s adjustable rate mortgages maturing on 1 January 2015 will be carried out by an auction of covered mortgage bonds (SDRO).
The dates of the auction and the terms and conditions were published in company announcement No. 102 to the NASDAQ OMX Copenhagen on 8 October 2014.
The auctions will take place Monday 17 November up to and including Friday 21 November 2014.
The auctioned bonds are rated Aaa by Moody’s and AAA by Standard & Poor’s,
The auctions will open daily at 10:00 and close at 11:00 and 13:00, respectively with allocation of accepted bids at 11:10 and 13:10, respectively.
The settlement date is 2 January 2015.
Auction results as well as calculated interest rates will be published daily at: nordeakredit.dk, “Investor Information” and at: Nordea.dk/nyrente.
The auctions will be executed according to the timetable on the following page (see attached PDF-file).
The investors are offered the option of delivery of the bonds purchased at the auction with spot settlement provided that the investor repo Nordea Kredit non-callable bullets. Investors who wish to make use of this option should contact Peter Brag or Juho-Pekka Jääskeläinen on the auction day before 13.30.
For more detailed information please contact Nordea Group Funding, Peter Brag phone no.
+45 3333 1663 or Juho-Pekka Jääskeläinen phone no. +45 3333 1626.
Nordea Kredit Realkreditaktieselskab