STOCKHOLM--(BUSINESS WIRE)--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
|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
Nordea Kredit Realkreditaktieselskab
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