Results of stand-alone auctions based on the auction price principle
8/31/2012 6:30 AM EST
Nykredit Realkredit A/S
Company Announcement
Results of stand-alone auctions based on the auction price principle
On 30 August 2012, the Nykredit group has conducted the sale of bonds in
connection with the interest rate reset of ARMs based on the auction price
principle. The interest rates will be reset on 1 October 2012.
The auctions had a bid-to-cover rate of 2.2, and bond sales totalled DKK 7.3bn
in nominal terms.
Historically low rates
The refinancing resulted in historically low rates. For a retail borrower with
a 30Y annuity loan of DKK 1m (32.7% tax allowance), interest rate reset results
in the following cash rates and monthly net payments:
ARMs funded by 1Y ARMs funded by 3Y ARMs funded by 5Y
bonds (F1) bonds (F3) bonds (F5)
DKK DKK DKK
Key figures for 2012
Cash rate, with 0.32% 0.65% 1.16%
repayments
Monthly net payment, DKK 3,170 DKK 3,220 DKK 3,320
with repayments
Cash rate, 0.31% 0.65% 1.17%
interest-only
Monthly net payment, DKK 520 DKK 710 DKK 1,000
interest-only
Key figures for 2011
Cash rate, with 1,02% 1,60% 2,05%
repayments
Monthly net payment, DKK 3,230 DKK 3,340 DKK 3,450
with repayments
Cash rate, 1,01% 1,59% 2,06%
interest-only
Monthly net payment, DKK 850 DKK 1,170 DKK 1,430
interest-only
For detailed information on the bond sales, please refer to nykredit.com/ir.
Enquiries may be addressed to Lars Mossing Madsen, First Vice President, Group
Treasury, tel +45 44 55 11 66, or Nels Petersen, Head of Corporate
Communications, tel +45 44 55 14 70/+45 20 22 22 72.