Company Announcement No 24, 2020 - Supplement no. 1 to Base Prospectus

As part of Nordea Kredit Realkreditaktieselskab (“Nordea Kredit”) and the Nordea Group’s continuous high focus on obtaining relevant ratings for funding programmes and issuances, a review has been performed of all rating agreements in the Nordea Group. In order to be cost-efficient Nordea Kredit has decided to only solicit one rating of its programme for mortgage bonds (ROs) and covered mortgage bonds (SDROs) (the “Programme”), which currently has ratings from both Moody’s Investors Service Ltd. (“Moody’s”) and Standard & Poor’s Credit Market Services Europe Ltd (“S&P”).

With effect from 1 April 2020 Nordea Kredit will solicit ratings of the Programme and bonds issued under it from S&P only.

Nordea Kredit will discontinue to solicit ratings from Moody’s of the Programme and bonds issued under it.

Bonds and covered mortgage bonds issued under the Programme and rated by S&P are currently assigned a rating of AAA.

To reflect this change, Nordea Kredit hereby publishes supplement no. 1 to Nordea Kredit’s base prospectus dated 24 February 2020 as well as updated final terms showing the S&P rating only.

Nordea Bank Abp will continue to be rated by Fitch (AA-), Moody’s (Aa3) and S&P (AA-).

Any questions can be directed to Kamilla Hammerich Skytte, phone (+45) 55 47 04 85 or Andreas Larsson (+46) 709 707555 or Maria Caneman (+46) 768 249218.
 

Kind regards

Nordea Kredit Realkreditaktieselskab

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