Company Announcement No. 61, 2022 - Results of the auctions of CIBOR based covered mortgage bonds in Nordea Kredit
Nordea Kredit Realkreditaktieselskab has auctioned covered mortgage bonds to refinance “Kort Rente” (CITA-based) and CIBOR-based loans as per 1 July 2022 on 23 May and 24 May 2022.
The auction results can be seen in the table below:
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Amount |
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offered |
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Date |
Bond |
ISIN |
DKK mn |
BtC |
Add-on |
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Monday, 23 May 2022 |
0,00% NDACIT6OAJA26 |
DK0002054006 |
16,100 |
2.75 |
0.40% |
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Tuesday, 24 May 2022 |
0,00% NDACIB6OAJU25 |
DK0002054196 |
14,800 |
2.25 |
0.05% |
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Tuesday, 24 May 2022 |
0,00% NDACIB6GOAJU26 |
DK0002054279 |
6,200 |
4.58 |
0.08% |
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Total |
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37,100 |
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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 NDACIT6AJA26 (ISIN code DK0002054006) is in the period 1 July 2022 to 31 December 2022 fixed in this way: 6 month CITA per 27 June 2022 multiplied by 365/360 plus the add-on (the auction result). The interest rate is rounded to two decimals.
The coupons for the covered mortgage bonds NDACIB6OAJU25 bond (ISIN code DK0002054196) and NDACIB6GOAJU26 bond (ISIN code DK0002054279) are in the period 1 July 2022 to 31 December 2022 fixed in this way: 6 month CIBOR per 27 June 2022 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