No. 11, 2024 – New amounts to auction of covered mortgage bonds in Nordea Kredit

With the refinancing of Nordea Kredit Realkreditaktieselskab's adjustable rate mortgages (ARMs) as of 1 April 2024 an electronic auction will be held in February 2024.

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

The Auction The auction will be held in the auction market for mortgage bonds at NASDAQ Copenhagen. The Dutch (hidden call) auction principle will be applied, implying that where bids exceed the cut-off price, the full amount will be allocated at the cut-off price. Bids made at the cut-off price may be allocated on a pro rata basis. There will be no allocation in respect of bids below the cut-off price.

Auction period 6 and 7 February 2024.

Amount There has been a change in the amounts in relation to the previously issued company announcements no. 4 from 12 January 2024 and no. 8 from 22 January 2024.

Final volumes offered and time schedule are expected to be announced on 2 February 2024.

Preliminary amounts to be auctioned:
DK0002058775 1% Apr 2025  DKK 2.100 m

 DK0002051929 1% Apr 2027  DKK 4.200 m

 DK0002058692 1% Apr 2029  DKK 4.500 m             

Settlement date 2 April 2024.

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

For more detailed information please contact Nordea Long Term Funding, Peter Brag at +45 33 33 16 63 and Arni Karstin Bjarnason at +45 33 33 18 21.

Yours faithfully

Nordea Kredit Realkreditaktieselskab