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