Company Announcement No. 71, 2017 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab
With the refinancing of Nordea Kredit Realkreditaktieselskab's adjustable rate mortgages (ARMs) as of 1 October 2017 an electronic auction will be held in August 2017.The ARMs will be refinanced in covered mortgage bonds (SDRO). Nordea Danmark will conduct the auction.The Auction: The auction will be held in the auctionmarket for mortgage bonds at NASDAQ Copenhagen.The Dutch (hidden call) auction principle will be applied, implying that where bids exceed the cut-off price, the full amount will be allocated at the cut-off price. Bids made at the cut-off price may be allocated on a pro