On 23 March 2009, Nykredit Bank A/S issues a new structured bond ("0% NB
Skandinavisk Aktier 2012") with a maturity of three years. The issue has been
ar-ranged by Nykredit Bank A/S.
The bonds do not pay interest but will generate a variable return from 23 March
2009 to 23 March 2012, both dates included. This return equals the
participation rate multiplied by the development in a basket containing 10
Scandinavian equities, each with a return cap of 60%. The bond will be redeemed
at maturity as a mini-mum at par (100).
The bonds are issued at an issue price of 106. The participation rate, which is
at least 100%, will be fixed on 16 March 2009 and will subsequently be
published through NASDAQ OMX Copenhagen A/S.
The subscription period for the bonds is 23 February 2009 to 13 March 2009,
both dates included. The size of the initial issue will be determined on 16
March 2009.
Settlement of the bonds will take place after three banking days against
registra-tion with VP Securities Services (Værdipapircentralen).
An application for admission to trading on the NASDAQ OMX Copenhagen A/S as at
23 March 2009 will be made, subject to a minimum subscription of a nominal DKK
10m. The bonds will be redeemed in full on 23 March 2012. The ISIN of the bonds
is DK0030161617.
A prospectus has been prepared in connection with the issue which may be
ob-tained from Nykredit Bank A/S as from 19 February 2009. The prospectus is
also published via NASDAQ OMX Copenhagen A/S.
We expect a rate of participation between 100% and 120%. The indicative
partici-pation rate is influenced by factors such as the interest rate
development and is currently approx 108%.
Please address inquiries concerning this announcement to Tine Holmgaard Larsen,
Nykredit Bank A/S, Kalvebod Brygge 1-3, DK-1780 Copenhagen K, tel +45 44 55 19
52.
Yours sincerely
Nykredit Bank
