To
NASDAQ OMX Copenhagen
Executive Board
Parallelvej 17
DK-2800 Kgs. Lyngby
www.rd.dk
Telephone +45 7012 5300
9 November 2009
Company Announcement number 78 - 2009
Final amount of bonds to be put on auction
Realkredit Danmark hereby announces the final amount of Mortgage Covered Bonds
(SDRO) to be put on auction for the refinancing of FlexLån® in series 10S and
10Q.
Efforts are made to hold the auction in equal portions over each trading day
the bonds are put on auction. The auction starts Wednesday, 18 November, and
will end Tuesday, 8 December 2009.
The final amount in DKK (m.) to be auctioned
DKK 10S
7 December 2009 18 November-8 Decem-ber 2009* 18 November-8 Decem-ber per day
(aim)**
2011 105,775 7,052
2012 4,595
2013 21,280 1,419
2014 995
2015 6,380 425
*Total amount
**Amount per day
Auction of 4-year bond - maturity 2014 denominated in DKK
Realkredit Danmark will concentrate the auction of 4-year bond on a single
trading day. The reason for this change is that the total amount of the 4-year
bond to be put on auction has been reduced significantly since Realkredit
Danmark announced the terms for the auction.
The final amount in EUR (m.) to be auctioned
EUR 10Q
8 December 2009 18 November-8 Decem-ber 2009* 18 November-8 Decem-ber per day
(aim)**
2011 - 3,740 249
2012 23 - -
2013 122 - -
2014 3 - -
2015 12 - -
*Total amount
**Amount per day
The exact terms and conditions of the auctions are set out in the appendices to
this announcement.
The Executive Board
Any additional questions should be addressed to Senior Dealer Søren Gravgaard,
phone +45 45 13 20 19.
Terms and conditions of Realkredit Danmark's auction to be held from
18 November to 8 December 2009
Auction
The auction will take place at NASDAQ OMX Copenhagen's mortgage-issuing
sub-market. The Dutch auction principle and hidden call method will be used.
Under the Dutch auction principle, all bids above the cut-off prices will be
settled in full at the cut-off prices. For bids at the exact cut-off price,
proportional allocation may be used. All bids below the cut-off prices will not
be settled. Hidden call means that the bidders can only see their own bids,
whereas the issuer can see all bids.
Decimal points
Investors may place their bids at prices with up to three decimal places for
1-year bonds maturing in 2011 in both the 10S and 10Q series.
For the rest of the securities identification codes offered, bids may contain
only two decimal places.
Bonds
Realkredit Danmark will put mortgage covered bonds in series 10S and 10Q,
maturing from 2011 to 2015 on the auction.
Bids/settlement
The auction will be held with three cut off periods 11.00am, 12.30pm and
1.30pm.
The IPMO is set to 10 minutes.
The following mortgage covered bonds will be offered:
Date Cut off period Settlement DKK
10S
Final amount DKK m. (total)* EUR
10Q
Final amount EUR m. (total)*
18 Novem-ber- 8
December 2009 11.00am 11.10am 2011 105,775 2011 3,740
12.30pm 12.40pm 2013 21,280 - -
2015 6,380 - -
7 December 1.30pm 1.40pm 2012 4,595 - -
2014 995 - -
8 December 2009
1.30pm 1.40pm - - 2012 23
- - 2013 122
- - 2014 3
- - 2015 12
*Maximum amount to be auctioned.
Value date
4 January 2010.
Participants
Bids will be accepted from all members with access to NASDAQ OMX Copenhagen's
mortgage-issuing sub-market.
Other conditions
1. Realkredit Danmark is not under any obligation to sell the entire amount
announced at the auctions.
2. On each auction day, Realkredit Danmark will not trade in the securities
identification code or codes offered on the auction at the specific
auction
day prior to the announcement the results of the auction.
