Company Announcement No. 102, 2014 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab
With the refinancing of Nordea Kredit's adjustable rate mortgages (ARMs) as of 1 January 2015 an electronic auction will be held in November 2014. The ARMs will be refinanced in covered mortgage bonds (SDRO). Nordea Bank Danmark will conduct the auction. The Auction The auction will be held in the market 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 settled at the cut-off price. Bids made at the cut-off price may be allocated on a pro