Company Announcement No. 113, 2014 – Change to Nordea Kredits final terms
In company announcement no. 92, 2014, the following security code was added to the final terms of variable interest rate callable and non-callable covered mortgage bonds (SDRO):
Variable interest rate annuity bond with option for interest-only period of 1-10 years, non-callable
|ISIN code||Nom.interest rate/Maturity||Name||Openingdate||Closingdate||Maturity date||Currency|
The change concerns negative interest rates
For covered mortgage bonds with adjustable rates in euro, the interest rate can also become negative.
In this event Nordea Kredit will fix the interest rate at 0%. Reference is otherwise made to the attached final terms.
This change makes the bonds in euro applicable as collateral when borrowing via the ECB.
Questions can be directed to Jakob Dueholm Bach on phone no. +45 33 33 58 58
Nordea Kredit Realkreditaktieselskab