Company Announcement No. 3, 2016 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab
With the refinancing of Nordea Kredit Realkreditaktieselskab's adjustable rate mortgages (ARMs) as of 1 April 2016 an electronic auction will be held in February 2016.
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 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 | 9 February up to and including 11 February 2016. |
| Amount | Final volumes offered and time schedule are expected to be announced in the week 5, 2016. |
| Settlement date | 1 April 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 Treasury & ALM, Peter Brag phone no.
+45 3333 1663 or Juho-Pekka Jääskeläinen phone no. +45 3333 1626.
Yours faithfully
Nordea Kredit Realkreditaktieselskab