Sales of bonds for refinancing of adjustable rate mortgage loans

| Source: Jyske Realkredit A/S Jyske Realkredit A/S

To NASDAQ OMX Copenhagen A/S

14th August, 2014
Announcement no. 81/2014
 

Sales of bonds for refinancing of adjustable rate mortgage loans

 

From 25th to 29th August 2014 (inclusive), BRFkredit will sell bonds to refinance adjustable rate mortgage loans. Refinancing will be carried out in both BRFkredits RTL F bonds, announced on 3rd June 2014, and in traditional non-callable bullet bonds.

The bonds are offered for sale with 1st October 2014 as settlement date. However, an earlier settlement date can be arranged.

BRFkredit will carry out the bond 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:

 

ISIN Bond Currency Expected amount
DK0009382970 (SDO) 2% 321.Ef.o 2017 (RTL F) DKK   7.4 bn*
DK0009374951 (SDO) 2% 321 E.ok.2017 DKK 0.8 bn
DK0009379752 (SDO) 2% 321 E.ok.2019 DKK 0.5 bn
DK0009382897 (SDO) 2% 321 Bf.o.2017 (RTL F) DKK 0.5 bn

*The amount may be increased with funding needs from loans generated under the joint funding agreements

 

Technical questions regarding the bond sales may be directed to:

-                     Head of Investments, André Hauberg on telephone (+45) 45 26 29 18

-                     Group Treasurer, Anders Lund Hansen on telephone (+45) 45 26 22 80

 

Other inquiries may be directed to:

-                     Chief Economist, Ulrikke Ekelund on telephone (+45) 45 26 22 57

 

Yours sincerely,

BRFkredit a/s

 

Lars Waalen Sandberg

Executive Vice President

Please observe that the Danish version of this announcement prevails.