The total bond offering in connection with the interest rate adjustment of adjustable-rate mortgages (ARMs) at the Nykredit Group's refinancing auctions will amount to DKK 46.3bn. The auctions will be conducted in the period from 05 February to 12 February 2016.
We have yet again seen significant changes in our customers' choices. With reference to stock announcement dated 08 January 2016 the total auction volumes have dropped by 21%. Especially ARMs with 1-year interest reset, which have been reduced by almost 34%.
Compared to the auctions in 2014 the total volume of ARMs with 1-year interest rate reset in April has been reduced with more than 70%.
The total bond offering comprises DKK 44.5bn in DKK-denominated and DKK 1.8bn in EUR-denominated bullet covered bonds.
In the auction period, Nykredit will publish the amounts offered in the individual ISINs daily at nykredit.com/ir.
Terms for the auctions including a list of the bonds offered, amounts offered and an auction schedule appear from Appendices 1 and 2.
Questions regarding the bond sale as well as technical matters may be addressed to Nykredit Realkredit A/S, Group Treasury, Lars Mossing Madsen, tel +45 44 55 11 66.
Please read the announcement in the attached PDF-file with appendix.
Other questions may be addressed to Corporate Communications, tel +45 44 55 14 50.
