To NASDAQ OMX Copenhagen A/S 13th of November, 2015
Announcement no. 121/2015
Correction: Pre-issue amounts has been corrected. See the table below.
Pre-issuance of bonds
As previously announced BRFkredit will from the 17th to 26th of November 2015 (inclusive) sell bonds to refinance adjustable rate mortgage loans. Refinancing will be carried out in both BRFkredits RTL F bonds and in traditional non-callable bullet bonds.
In connection to the implementation of the Liquidity Coverage Ratio (LCR) BRFkredit has decided, prior to the upcoming auctions, to pre-issue bonds. The bonds will subsequently qualify as either Liquidity Coverage Ratio (LCR) level 1b or level 2a assets at the start of the auctions.
Following the auctions the pre-issued bonds will be reduced.
ISIN | Name | Pre-issue (million) | LCR category |
DK0009390130 | 1% BRF 1/1-17 SDO | 4,000 | 1B |
DK0009385809 | 1% BRF 1/1-19 SDO F | 4,000 | 1B |
DK0009386021 | 1% BRF 1/1-19 SDO | 3,200 | 1B |
DK0009384596 | 1% BRF 1/4-19 SDO | 3,500 | 1B |
DK0009385213 | 1% BRF 1/10-20 SDO | 1,200 | 2A |
Questions may be directed to Anders Lund Hansen, Group Treasurer, on telephone (+45) 45 26 22 80
Yours sincerely,
BRFkredit a/s
Søren Winkler
Head of Analysis
Please observe that the Danish version of this announcement prevails.