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:

Amount
offered
Date Bond ISIN DKK mn BtC   Add-on  %-points
Tuesday, 25 May 2021 0,00% NDACIBOR6OA24RF  DK0002050525   9,900 3.56 -0.12%
0,00% NDACIBOR6GOA24RF    DK0002050608   1,400 4.19 -0.13%
NDA1,5CFOA31RF    DK0002050798   475 7.00 -0,03%
Total 11,775

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.

Kind regards

Nordea Kredit Realkreditaktieselskab