Published: 2018-02-02 09:59:00 CET
Nordea Kredit Realkreditaktieselskab
Inside information
Company Announcement No. 13, 2018 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab
The refinancing of Nordea Kredit’s adjustable rate mortgages per 1 April
2018
will be carried out via auctions of covered mortgage bonds (SDRO).

The
dates of the auctions and the terms and conditions were published in
company
announcement No. 4 sent to NASDAQ Copenhagen on 10 January 2018.

The
auctions will take place Tuesday 6 February and Wednesday 7 February 2018.

The
bonds to be auctioned are rated Aaa by Moody’s and AAA by Standard &
Poor’s,

The auctions will open daily at 09:00 and close at 10:00 and 12:30
respectively,
with allocation of accepted bids at 10:10 and 12:40,
respectively.

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

Nordea Kredit is not obliged to sell the full
amounts announced.

The settlement date is 3 April 2018.

The auctions will be
executed according to the timetable in the attached pdf
-file. Amounts for sale
will be issued in VP Friday 2 February 2018.

Auction results as well as
(calculated) preliminary interest rates will be
published daily at:
nordeakredit.dk, “Investor Information” and
at:
Nordea.dk/privat/lan/bolig/foelg-auktionen.html.

The investors are offered
the option of delivery of DKK-bonds purchased at the
action with spot
settlement provided that the investors deliver maturing Nordea
Kredit
non-callable bullets in DKK.
This option is not available for
EUR-bonds.
Investors who wish to make use of this option should contact Peter
Brag or Finn
Nicolaisen on the auction day before 13.30.

In case of technical
problems, bids can also be made to Nordea Markets. Contact
persons are Brian
Christophersen phone no. +45 3333 1693 and Frank Klahsen phone
no. +45 3333
1444.

For bonds with auction trigger:
The Danish Mortgage-Credit Loans and
Mortgage-Credit Bonds etc. Act establishes
conditions for the bond sale and
represents a condition for the final
sale/allotment in case of only partially
completed auction/sale of bonds.

For bonds with interest rate trigger:
The
Danish Mortgage-Credit Loans and Mortgage-Credit Bonds etc. Act
imposes
restrictions concerning the yield-to-maturity of the bonds. The
yield-to
-maturity may not rise by more than 5 percentage points and this
restriction
represents a condition for the final completion of the
sale/allotment of bonds.

For more information please contact Nordea Group
Treasury & ALM, Peter Brag
phone no. +45 3333 1663 or Finn Nicolaisen phone no.
+45 3333 1625.


Yours faithfully

Nordea Kredit Realkreditaktieselskab

 


Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab.pdf