No. 48, 2024 - Results of the auctions for refinancing as per 1 July 2024 in Nordea Kredit

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Nordea Kredit Realkreditaktieselskab has on 21 and 22 May 2024, auctioned covered mortgage credit bonds to refinance CIBOR-based loans as per 1 July 2024. 

 

The auction results can be seen in the table below:

 

 

 

Amount

 

 

 

 

 

 

offered

 

 

 

Date

Bond

ISIN

DKK mn

BtC

  Add-on  %-points

 

 

Tuesday, 21 May 2024

3.90% NDACIB6GOAJA27

DK0002060672

7,500

5.63

-0.04%

 

Wednesday, 22 May 2024

3.95% NDACIB6OAJA28

DK0002060599

17,600

4.12

0.02%

 

Total

 

 

25,100

 

 

 

 

The add-on is valid for the full maturity of the bonds.

 

To illustrate how the coupon is calculated:

 

The coupons for the covered mortgage credit bond are in the period 1 July 2024 to 31 December 2024 fixed in this way: 6 month CIBOR per 25 June 2024 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