STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Nordea Kredit (CSE:NDAR)
The refinancing of Nordea Kredit’s adjustable rate mortgages maturing on 1 October 2014 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. 65 to the NASDAQ OMX Copenhagen on 2 July 2014.
The auctions will take place during the period Tuesday 26 August through Thursday 28 August 2014. 29 August mentioned in the initial press release nr. 65 will not be an auction date.
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.
The settlement date is 1 October 2014.
The auctions will be executed according to the timetable on the following page.
The investors are offered the option of delivery of the bonds purchased at the action with spot settlement provided that the investor repo 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.
Nordea Kredit Realkreditaktieselskab
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