To the Copenhagen Stock Exchange
14 June 2007
Announcement no. 11/2007
Final terms for mortgage bond to be opened on 15 June 2007
On 15 June 2007, BRFkredit will open a new mortgage bond. Final terms for the
bond are attached to this announcement.
The prospectus for the bond is comprised of the attached final terms and the
previously disclosed base prospectus for mortgage bonds issued by BRFkredit a/s.
BRFkredit's base prospectus is available on BRFkredit's home page www.brf.dk.
Yours sincerely
BRFkredit a/s
Ulrikke Ekelund
Chief Economist
Direct phone (+45) 45 26 22 57
E-mail uek@brf.dk
Please observe that the Danish version of this announcement prevails
Translation from Danish. The Danish version prevails.
Final Terms for certain bond issues in BRFkredit's series 411.B
Date 12 June 2007
Interest The bonds carry a nominal rate of interest. Interest is paid with one
fourth of the yearly interest on 1 January, 1 April, 1 July and 1 October for
the preceding quarter. Interest payments end on the term day when the bonds are
drawn. The interest rate meets the conditions of the Danish Act on the Taxation
Gains and Losses on Claims, Debt and Financial Contracts in relation to tax
exemption for capital gains (the minimum interest rules).
Amortisation The bonds are amortised by drawing at par parallel to the ordinary
repayment as annuity loans of the funded loans. Repayments may be made upon the
choice of the borrower under the annuity loan principle or the bullet loan
principle; the latter method may, however, be used for no longer than 10 years
of the lifetime of the loan. Prepayments of loans will lead to either an
extraordinary drawing of bonds or to the annulment of bonds from BRFkredit's own
portfolio. The bonds will be fully amortised not later than on their date of
maturity. BRFkredit furthermore reserves the right to offer the borrowers in a
bond series that they may prepay their loans without at the same time arranging
a drawing or annulment of mortgage credit bonds in a volume that corresponds to
the bonds issued when the loan was taken out.
Capital centre Collateral for the bonds consists of that part of BRFkredit's
assets, which is placed in Capital Centre B, including mortgages on real
property, other forms of security and the personal liability of the borrowers.
Further collateral stems from the remaining assets of BRFkredit under S.31 of
the Danish Mortgage Credit Loans and Mortgage Credit Bonds etc. Act.
Denomination DKK 0.01
Callability The bonds are callable, and notice may given by the borrower to
cancel the loan at a term through prepayment. The bonds are non-callable on the
part of the creditor.
Payments Payments are due on the term dates 1 January, 1 April, 1 July and 1
October. If this date is a Saturday, a Sunday or a holiday, payment shall be due
on the next banking day.
The following securities are added to BRFkredit's series 411.B
--------------------------------------------------------------------------------
| Secur | ISIN | Name | Openin | Closin | Inte | Inte | Maturit | Maxim |
| ity | code | | g | g | rest | rest | y | um |
| ID | | | | | % | % | | lifet |
| code | | | | | p.a. | per | | ime |
| | | | | | | term | | in |
| | | | | | | | | years |
| | | | | | | | | for |
| | | | | | | | | loan |
--------------------------------------------------------------------------------
| 93647 | DK00093 | 6% | 15-06- | 31-08- | 6 | 1.50 | 01-10-2 | 30 |
| 2 | 64721 | 411.B. | 2007 | 2008 | | | 038 | |
| | | OA 2038 | | | | | | |
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