Company Announcement No. 4, 2017 - 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 2017 an electronic auction will be held in February 2017.
The ARMs will be refinanced in covered mortgage bonds (SDRO). Nordea 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 | 8 and 9 February 2017. |
| Amount | Final volumes offered and time schedule are expected to be announced in the last days of week 5, 2017. |
| Settlement date | 3 April 2017. |
| Participant | Bids can be made by anyone with an access to the market for mortgage bonds at NASDAQ Copenhagen. |
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.
Yours faithfully
Nordea Kredit Realkreditaktieselskab
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