On 8 May 2019, 0.25 per cent bullet loan 2022 (ISIN: DK0009923997) will be opened with interest payment date 15 November and repayment 15 November 2022. The new bond will replace 0.25 per cent bullet loan 2020 as key on-the-run issue. After this the central government can conduct buy-backs in 0.25 per cent bullet loan 2020.
The sale will commence via MTS Denmark's auction system with primary dealers as counterparts. The opening is contingent on stable market conditions. At the auction, the total sale will not exceed DKK 5 billion at nominal value.
As from 8:00 a.m. (CET) on the opening day, bids can be submitted until 10:15 a.m. Subsequently, a cut-off price will be fixed as quickly as possible and within 10 minutes at the latest. Bids at the cut-off price or above will be accommodated at the cut-off price. A pro-rata allocation of bids at the cut-off price may be applied.
Terms of borrowing can be viewed on www.governmentdebt.dk under "Investor relations".
SECURITIES LENDING
0.25 per cent bullet loan 2022 will be included in the central govern-ment's securities lending facility from 8 May 2019.
REPLACEMENT OF THE 5-YEAR ON-THE-RUN ISSUE
Following the opening of the new 2-year bond the 5-year on-the-run issue will be 1.75 per cent 2025. After this the central government can conduct buy-backs in 1.50 per cent bullet loan 2023.
FURTHER INFORMATION
For further information please contact Lars Mayland Nielsen on tele-phone +45 3363 6712.
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