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To NASDAQ Copenhagen A/S |
Executive Board Strødamvej 46 DK-2100 København Ø www.rd.dk Telephone +45 7012 5300 12 December 2014 |
Company Announcement number 94/2014 – 12 December 2014
Opening of mortgage covered bonds
Realkredit Danmark will open a large number of new mortgage covered bonds in the coming weeks in order to comply with the new legislation on refinancing of mortgage covered bonds (L244) coming into force for all maturities on 1 January 2015.
For the funding of interest reset loans, bonds with the following characteristics will be opened:
| Coupon | Series | Currency | Amortisation | Maturity date | Maturity year |
| 1.00 % | 10F | DKK | Bullet | 1 January | 2016 to 2026 |
| 1.00 % | 10F | DKK | Bullet | 1 April | 2015 to 2026 |
| 1.00 % | 10G | EUR | Bullet | 1 January | 2016 to 2026 |
| 1.00 % | 10G | EUR | Bullet | 1 April | 2015 to 2026 |
The above-mentioned bonds will all have a refinancing failed option incorporated. A few of them will also have an interest rate trigger incorporated.
For the funding of adjustable rate mortgages, bonds with the following characteristics will be opened:
| Initial Coupon1 | Reference rate |
Spread to fixing |
Series | Cur-rency |
Amorti- Sation2 |
Maturity |
First interst Fixing |
| 0.23% | CITA6M | 0.20% | 11F | DKK | Hybrid | 1 Jul. 2017 | 1 Jul. 2015 |
| 0.36% | CIBOR6M | -0.10% | 12F | DKK | Hybrid | 1 Jul. 2019 | 1 Jul. 2015 |
| 0.33% | EURIBOR3M | 0.25% | 12G | EUR | Hybrid | 1 Jul. 2017 | 1 Apr. 2015 |
| 0.58% | STIBOR3M | 0.30% | 15G | SEK | Hybrid | 1 Oct. 2019 | 1 Apr. 2015 |
- The initial coupon applies until the first interest fixing date.
- The bonds are amortised in line with the repayment of the loans that the bonds are funding. The loans may be bullet loans or annuity loans with option on interest only periods up to 10 years.
The above-mentioned bonds will all have a refinancing failed option incorporated, but no interest rate trigger.
The mortgage covered bonds will be issued from Capital Centre T.
The final terms will be published on a continuous basis in the weeks to come by Announcement of prospectus on Nasdaq Copenhagen A/S as well as on rd.dk/investor.
The Executive Board
Any additional questions should be addressed to Chief Analyst, Hella Gebhardt Rønnebæk, phone +45 45 13 20 68.
