STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
The refinancing of “Kort rente” (CITA-based) and CIBOR-based loans as per 1 July 2016 will be effected by electronic auctions arranged by Nordea Bank Danmark on behalf of Nordea Kredit (CSE:NDAR).
The dates of the auctions and the terms and conditions were published in company announcement No. 41 to the NASDAQ Copenhagen on 25 April 2016.
The auctions will take place Tuesday 24 May and Wednesday 25 May 2016.
The auctions will open daily at 09:00 a.m. and close at 10:30 a.m. and 11:30 a.m., respectively with allocation of accepted bids at 10:40 a.m. and 11:40 a.m., respectively.
The auctions of individual ISIN-codes will take place according to the timetable on the following page (PDF).
Investors are offered the option of delivery of the bonds purchased at the action with spot settlement provided that the investors deliver Nordea Kredit bonds maturing 1 July 2016. Investors who wish to make use of this option should contact Peter Brag or Finn Nicolaisen on the auction day before 13.00 p.m.
Yours faithfully Nordea Kredit Realkreditaktieselskab
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