To NASDAQ OMX Copenhagen A/S
4 November, 2013
Announcement no. 96/2013
Sales of bonds for refinancing of adjustable rate mortgage loans
From 18 to 29 November 2013 (inclusive), BRFkredit will sell non-callable bullet bonds (RTL bonds) to refinance adjustable rate mortgage loans.
The bonds are offered for sale with 2 January 2013 as settlement date. However, an earlier settlement date can be arranged.
BRFkredit will carry out the bond sales as ordinary sales on NASDAQ OMX Copenhagen. BRFkredit is not obliged to offer or sell any specific amount on any specific dates. It is, however, the intention of BRFkredit to distribute the sales evenly throughout the period. Post-trade information will be disclosed through NASDAQ OMX Copenhagen.
The refinancing and interest rate adjustments of loans in Capital Centre E are based on covered bonds (SDOs), whereas in Capital Centre B loans and interest rate adjustments are based on mortgage bonds (ROs).
BRFkredit’s daily bond sales in relation to the disbursement of new mortgage loans, purchases of bonds in relation to redemption of existing mortgage loans and purchases for the investment of surplus liquidity will be executed in parallel with the above mentioned sales.
The below mentioned bonds are expected to be offered during the period:
|DK0009371502 (SDO)||2% 321.E. 2015||DKK||25.1 bn|
|DK0009368045 (SDO)||4% 321.E. 2016||DKK||0.6 bn|
|DK0009368128 (SDO)||4% 321.E. 2017||DKK||1.1 bn|
|DK0009368201 (SDO)||4% 321.E. 2018||DKK||0.5 bn.|
|DK0009377541 (SDO)||2% 321.E.ok 2018||DKK||3.3 bn*|
|DK0009369449 (SDO)||4% 321.E. 2019||DKK||0.8 bn|
|DK0009371932 (RO)||2% 321.B. 2015||DKK||5.5 bn|
|LU0460381261 (SDO)||4% 321.E. 2015||EUR||0.15 bn|
*The offered amount is a result of borrowers changing their annual refinancing to October.
Technical questions regarding the bond sales may be directed to:
Other inquiries may be directed to:
Lars Waalen Sandberg
Executive Vice President
Please observe that the Danish version of this announcement prevails.