Next week the Nykredit Group will commence the sale of bonds totalling DKK 133bn for the purpose of the refinancing of loans as at 1 January 2012. The refinancing auctions will be conducted from Tuesday 29 November to Wednesday 14 December 2011.
Once again it seems that mortgage repayments will be at a low level. Nykredit now expects that the monthly net repayment on an adjustable-rate repayment mortgage (ARM) will be some DKK 3,290, which is about DKK 500 less than the historical average since the introduction of ARMs funded by 1-year RTLs.
The updated expected amounts offered and the auction schedule appear from Appendix 1 and 2.
For further information about the auction terms, please refer to the stock exchange announcement dated 9 November and nykredit.com/ir.
Question
Questions relating to the bond sale and technical matters may be addressed to Group Treasury, Lars Mossing Madsen, First Vice President, tel +45 44 55 11 66, or Pernille Bach Ladevig, Senior Dealer, tel +45 44 55 10 63.
Other enquiries may be addressed to Henrik Hjortshøj-Nielsen, Executive Vice President, Group Treasury, tel +45 44 55 10 40, or Nels Petersen, Head of Corporate Communications, tel +45 44 55 14 70/+45 20 22 22 72
