Company Announcement No. 52, 2021 - Results of the auctions of CIBOR based covered mortgage bonds in Nordea Kredit
Nordea Kredit Realkreditaktieselskab has auctioned covered mortgage bonds to refinance ARMs as per 1 July 2021 on 25 May 2021.
The auction results can be seen in the table below:
|Date||Bond||ISIN||DKK mn||BtC||Add-on %-points|
|Tuesday, 25 May 2021||0,00% NDACIBOR6OA24RF||DK0002050525||9,900||3.56||-0.12%|
The add-on is valid for the whole maturity of the bonds.
To illustrate how the coupon is calculated:
The coupons for the covered mortgage bonds NDACIBOR6OA24RF bond (ISIN code DK0002050525) and NDACIBOR6GOA24RF bond (ISIN code DK0002050608) are in the period 1 July 2021 to 31 December 2021 fixed in this way: 6 month CIBOR per 25 June 2021 multiplied by 365/360 plus the add-on (the auction results). The interest rate is rounded to two decimals.
The coupon for the covered mortgage bond NDA1,5CFOA31RF bond (ISIN code DK0002050798) is in the period 1 July 2021 to 31 December 2021 fixed in this way: the average of 6 month CIBOR from the 21 June to 25 June 2021 plus the add-on (the auction results). The interest rate is rounded to four decimals.
Questions in connection with the auctions may be directed to Nordea, Long Term Funding, Peter Brag at +45 33 33 16 63.
Nordea Kredit Realkreditaktieselskab