Company Announcement No. 119, 2016 - Auctions of Nordea Kredit Realkreditaktieselskab covered mortgage bonds
In connection with the disbursement of new loans on 30 December 2016, Nordea Kredit bonds will be sold at electronic auctions at NASDAQ Copenhagen CPH Auctions.
The sale of covered mortgage bonds (SDRO) at the auctions will be conducted by Nordea Bank Danmark.
Bonds
| Auctions which will close at 10.30 a.m. |
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| ISIN | Name | Expected amount to be sold, DKKm |
| DK0002033356 | NDACITA6_NYOA10 | 1.900 - 2.400 |
| DK0002033430 | NDACIBOR6_NYOA18RF |
700 - 1.000 |
| Auctions which will close at 11.30 a.m. |
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| ISIN | Name | Expected amount to be sold, DKKm |
| DK0002031731 | 2 NDAsOK2019 RF |
500 - 750 |
| DK0002036292 | 1 NDAsOK2021 RF | 1.700 - 2.000 |
| The auction | The auctions will be managed through Genium Inet at the market for covered mortgage bonds and mortgage bonds at NASDAQ Copenhagen CPH Auctions. |
| The Dutch (hidden call) auction principle will be applied implying that where bids exceed the cut-off price, investors will be allocated the full amount at the cut-off price. | |
| Bids made at the cut-off price may be alloca-ted on a pro rata basis. There will be no allocation in respect of bids below the cut-off price. | |
| Date of auction | Wednesday 28 December 2016. |
| Amounts | Final volumes will be announced in the morning on 28 December 2016. |
| Nordea Kredit is not obliged to sell the full amounts announced. | |
| Bids/Settlement |
The auctions will open at 09:00 a.m. and close at 10:30 a.m. and 11:30 a.m. with allocation of accepted bids by 10:40 a.m. and 11:40 a.m. |
| Bids may be placed with up to 2 decimals. | |
| Settlement date | 30 December 2016. |
| Participants | Bids can be made by anyone with access to the market for covered mortgage bonds and mortgage bonds at NASDAQ Copenhagen. |
| Bids can also be made to Nordea Markets. Contact persons are Frank Klahsen phone +45 3333 1444 and Steen Hansen phone +45 3333 1643. |
In addition to the amounts offered for sale at the auctions, tap sales may take place after the auctions.
For more detailed information please contact Nordea Group Treasury & ALM, Peter Brag phone +45 3333 1663 or Finn Nicolaisen phone +45 3333 1625.
Best regards
Nordea Kredit Realkreditaktieselskab
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