Company Announcement No. 124, 2015 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab
In connection with the disbursement of new loans funded by the bonds mentioned below, Nordea Kredit will conduct electronic auctions 28 December 2015.
The new loans will be funded by covered mortgage bonds (SDRO) and the auction will be conducted by Nordea Bank Danmark.
| Bonds | The auctions in the bonds below will close at 10.30 a.m.: |
| DK0002033356 NDACITA6_NYOA18RF | |
| DK0002033430 NDACIBOR6_NYOA18RF | |
| The auctions in the bonds below will close at 11.30 a.m.: | |
| DK0002031228 2NDAsOK18RF | |
| DK0002032119 2NDAsOK20RF |
| The auctions |
The auctions will be managed through Genium Inet at the market for covered mortgage bonds and mortgage bonds at NASDAQ Copenhagen. |
| 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 allo-cated on a pro rata basis. There will be no allocation in respect of bids below the cut-off price. |
| Date of auction | Monday 28 December 2015. |
| Amounts |
Preliminary auction volumes will be announced during week 52, 2015. Final volumes will be announced on 28 December 2015. |
| Nordea Kredit is not obliged to sell the full amounts announced. |
| Bids/Settlement | The auctions will open at 9.30 and close at 10:30 a.m. and 11.30 a.m., respectively. Bids will be allocated at 10.40 a.m. and 11.40 a.m., re-spectively. |
| Bids in the auctioned bonds may be placed with up to 2 decimals. |
| Settlement date | 30 December 2015. |
| Who can participate | Bid can be made by anyone with access to the market for covered mortgage bonds and mortgage bonds at NASDAQ Copenhagen. |
| In case of technical problems bids can be made to Nordea Markets. Contact persons are Bjarne Hammeken phone no. +45 3333 1707 and Kim Bek Petersen phone no. +45 3333 1644. |
For more detailed information please contact Nordea Group Treasury & ALM, Peter Brag phone no. +45 3333 1663 or Finn Nicolaisen phone no. +45 3333 1625.
Best regards
Nordea Kredit Realkreditaktieselskab
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