Company Announcement No. 110, 2015 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab
With the refinancing of Nordea Kredit Realkreditaktieselskab's adjustable rate mortgages (ARMs) as of 1 January 2016 an electronic auction will be held in November 2015.
The ARMs will be refinanced in covered mortgage bonds (SDRO). Nordea Bank Danmark will conduct 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 allocated at the cut-off price. Bids made at the cut-off price may be allocated on a pro rata
basis. There will be no allocation in respect of bids below the cut-off price.
|Auction period||23 November up to and including 27 November 2015.|
|Amount||Final volumes offered and time schedule are expected to be announced in the week 45, 2015.|
|Settlement date||4 January 2016.|
|Participant||Bids can be made by anyone with an access to the market for mortgage bonds at NASDAQ Copenhagen.|
|Bids can also be made to Nordea Markets. Contact persons are Bjarne Hammeken phone no. +45 3333 1707 and Kim Petersen phone no.
+45 3333 1644.
For more detailed information please contact Nordea Group Funding, Peter Brag phone no.+45 3333 1663 or Juho-Pekka Jääskeläinen phone no. +45 3333 1626.
Nordea Kredit Realkreditaktieselskab