Company Announcement No. 7, 2013 - Auction of mortgage covered bonds in Nordea Kredit Realkreditaktieselskab
| Source:Nordea Kredit Realkreditaktieselskab
With the refinancing of Nordea Kredit's adjustable rate mortgages (ARMs) as of 1
April 2013 an electronic auction will be held in February 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 Tuesday, 26 February, up to and including Thursday, 28 February
Amount Final volumes offered and time schedule are expected to be
announced in the week 6, 2013.
Bid/settleme The auction of bonds will start at 10.00 and close at 11.00 and
nt 12.30. Allocation of accepted bids will be made at 11.10 and
12.40. 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 2 decimals only.
Settlement 2 April 2013.
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 Finn Nicolaisen phone no. +45 3333 1625.
Nordea Kredit Realkreditaktieselskab
other press releases byNordea Kredit Realkreditaktieselskab
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