Company Announcement No. 54, 2023 - Results of the auctions for refinancing as per 1 July 2023
Nordea Kredit Realkreditaktieselskab has auctioned covered mortgage bonds to refinance “Kort Rente” (CITA-based) and CIBOR-based loans as per 1 July 2023 on 24 May 2023.
The auction results can be seen in the table below:
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Amount |
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|---|---|---|---|---|---|---|
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offered |
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Date |
Bond |
ISIN |
DKK mn |
BtC |
Add-on %-points
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Tuesday, 24 May 2023 |
3.69% NDACIT6OAJA27 |
DK0002058189 |
18,600 |
2.66 |
0.64% |
|
|
Tuesday, 24 May 2023 |
3.64% NDACIB6OAJA27 |
DK0002058262 |
8,000 |
2.99 |
0.17% |
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Total |
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|
26,600 |
|
|
|
The add-on is valid for the whole maturity of the bonds.
To illustrate how the coupon is calculated:
The coupon for the covered mortgage bond NDACIT6OAJA27 (ISIN code DK0002058189) is in the period 1 July 2023 to 31 December 2023 fixed in this way: 6 month CITA per 27 June 2023 multiplied by 365/360 plus the add-on (the auction result). The interest rate is rounded to two decimals.
The coupon for the covered mortgage bond NDACIB6OAJA27 (ISIN code DK0002058262) is in the period 1 July 2023 to 31 December 2023 fixed in this way: 6 month CIBOR per 27 June 2023 multiplied by 365/360 plus the add-on (the auction results). The interest rate is rounded to two decimals.
Questions in connection with the auctions may be directed to Nordea, Long Term Funding, Peter Brag at +45 33 33 16 63 and Arni Karstin Bjarnason at +45 33 33 18 21.
Kind regards
Nordea Kredit Realkreditaktieselskab