Company Announcement No. 97, 2013 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab

With the refinancing of Nordea Kredit's adjustable rate mortgages (ARMs) as of 1 January 2014 an electronic auction will be held in November 2013.

The ARMs will be refinanced in covered mortgage bonds (SDRO). Nordea Bank Danmark will conduct the auction.

The Auction                      

The auction will be held in the market for mortgage bonds at NASDAQ OMX Copenhagen.

The Dutch (hidden call) auction principle will be applied, implying that where bids exceed the stop price, the full amount will be settled at the stop price. Bids made at the stop price may be allocated on a pro rata basis. There will be no allocation in respect of bids below the stop price.

Auction period                 

Monday, 25 November up to and including Friday, 29 November 2013.

Amount                            

Final volumes offered and time schedule are expected to be announced in the week 45, 2013.

Bid/settlement                  

The auction of bonds will open at 10.30 and close at 11.30 and 13.30. Allocation of accepted bids will be made at 11.40 and 13.40.

Bids in bonds with 1-year maturity denominated in DKK and EUR can be placed with 3 decimals.
Bids in other auctioned bonds can be placed with up to 2 decimals.

Settlement date                

2 January 2014.

Participant                        

Bids can be made by anyone with an access to the market for mortgage bonds at NASDAQ OMX Copenhagen.

In case of technical problems, bids can be made to Nordea Markets. Contact persons are Michael Rosentoft phone no. +45 3333 3864 and Kim Petersen phone no. +45 3333 1644.

 
For more detailed information please contact Nordea Group Funding, Peter Brag phone no. +45 3333 1663 or Juho-Pekka Jääskeläinen phone no. +45 3333 1626.

 
Yours faithfully

Nordea Kredit Realkreditaktieselskab