To NASDAQ OMX Copenhagen A/S
10th of December, 2014
Announcement no. 134/2014
Sales of bonds towards year end 2014
BRFkredit currently expects to sell bonds totalling approx. DKK 2.35 to 2.95 bn. towards year end 2014. The bonds are offered to finance existing loans and in relation to the disbursement of new mortgage loans.
The offering is expected to be concentrated in:
ISIN Name Amount
DK0009382707 2,5% BRF 111.E 2047 Approx. 500 - 700 mio.
DK0009381303 2% BRF 111.E 2037 Approx. 400 - 600 mio.
DK0009379083 2% BRF 321.E.ap 2019 Approx. 300 - 500 mio.
DK0009382111 Var BRF 422.E.Cb3 2016 Approx. 1,000 mio.
DK0009377467 Var BRF 322.E. 2017 Approx. 150 mio.
BRFkredit will carry out the bond sales via Bloomberg’s auction system. Post-trade information will be disclosed through NASDAQ OMX Copenhagen.
Bids for the offered bonds must be made in terms of amount and price correct to three decimals. Bids above the fixing price will be settled in full at the fixing price. Bids at the fixing price may be accepted on a pro rata basis.
BRFkredit’s daily 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.
If technical problems should prevent BRFkredit from conducting an auction, a stock exchange announcement will be issued, detailing how the auction will be carried out in practice.
BRFkredit reserves the right not to sell the offering announced.
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
Yours sincerely,
BRFkredit a/s
Lars Waalen Sandberg
Executive Vice President
Please observe that the Danish version of this announcement prevails.