Company Announcement No. 74, 2016 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab

The refinancing of Nordea Kredit’s adjustable rate mortgages per 1 October 2016 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. 72 to the NASDAQ Copenhagen on 28 July 2016.

The auctions will take place during the period Tuesday 23 August through Thursday 25 August 2016.

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 11:30 and 13:00 respectively, with allocation of accepted bids at 11:40 and 13:10, respectively.

Bids in bonds with 1-year maturity denominated in DKK and EUR can be placed with 3 decimals.
Bids in other auctioned bonds can be placed with up to 2 decimals.

Nordea Kredit is not obliged to sell the full amounts announced.

The settlement date is 3 October 2016. Amounts for sale will be issued in VP Friday 19 August 2016.

The auctions will be executed according to the attached PDF.

Auction results as well as calculated interest rates will be published daily at: nordeakredit.dk, “Investor Information” and at: Nordea.dk/nyrente.

The investors are offered the option of delivery of the bonds purchased at the action with spot settlement provided that the investors deliver maturing Nordea Kredit non-callable bullets. Investors who wish to make use of this option should contact Peter Brag or Finn Nicolaisen on the auction day before 14.00.

For more detailed information please contact Nordea Group Treasury & ALM, Peter Brag phone no. +45 33 33 16 63 or Finn Nicolaisen phone no. +45 33 33 16 25.

Yours faithfully

Nordea Kredit Realkreditaktieselska

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