STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Nordea Kredit (CSE:NDAR)
The refinancing of Nordea Kredit’s adjustable rate mortgages maturing on 1 October 2015 will be carried out by an auction of covered mortgage bonds (SDRO).
The dates of the auction and the terms and conditions were published in company announcement No. 83 to the NASDAQ Copenhagen on 27 July 2015.
The auctions will take place during the period Tuesday 25 August through Thursday 27 August 2015.
The auctioned bonds are rated Aaa by Moody’s and AAA by Standard & Poor’s,
The auctions will open daily at 10:00 and close at 11:00 and 12:30 respectively, with allocation of accepted bids at 11:10 and 12:40, respectively.
Nordea Kredit is not obliged to sell the full amounts announced.
The settlement date is 1 October 2015.
Auction results as well as calculated interest rates will be published daily at: nordeakredit.dk, “Investor Information” and at: Nordea.dk/nyrente.
The auctions will be executed according to the timetable on the following page (PDF).
The investors are offered the option of delivery of the bonds purchased at the action with spot settlement provided that the investor sell or repo maturing Nordea Kredit non-callable bullets. Investors who wish to make use of this option should contact Peter Brag or Juho-Pekka Jääskeläinen on the auction day before 13.00.
Yours faithfully
Nordea Kredit Realkreditaktieselskab
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