Company Announcement No. 83, 2015 - Auction of Covered Mortgage Bonds in Nordea Kredit Realkreditaktieselskab

STOCKHOLM--()--Regulatory News:

Nordea Kredit (CSE:NDAR)

With the refinancing of Nordea Kredit Realkreditaktieselskab's adjustable rate mortgages (ARMs) as of 1 October 2015 an electronic auction will be held in August 2015.

The ARMs will be refinanced in covered mortgage bonds (SDRO). Nordea Bank Danmark will conduct the auction.

The Auction       The auction will be held in the market for mortgage bonds at NASDAQ Copenhagen.    
 

The Dutch (hidden call) auction principle will be applied, implying that where bids exceed the cut-off
price, the full amount will be allocated at the cut-off price. Bids made at the cut-off price may be
allocated on a pro rata basis. There will be no allocation in respect of bids below the cut-off price.

 
Auction period 25 August up to and including 27 August 2015.
 
Amount Final volumes offered and time schedule are expected to be announced in the week 32, 2015.
 
Settlement date 1 October 2015.
 
Participant Bids can be made by anyone with an access to the market for mortgage bonds at NASDAQ Copenhagen.
 

Bids can also be made to Nordea Markets. Contact persons are Bjarne Hammeken phone no. +45 3333 1707
and Kim Petersen phone no. +45 3333 1644.

Yours faithfully

Nordea Kredit Realkreditaktieselskab

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Contacts

Nordea Group Funding
Peter Brag
phone no. +45 3333 1663
or
Juho-Pekka Jääskeläinen
phone no. +45 3333 1626.

Contacts

Nordea Group Funding
Peter Brag
phone no. +45 3333 1663
or
Juho-Pekka Jääskeläinen
phone no. +45 3333 1626.