Published: 2018-05-08 14:35:00 CEST
Company announcement no. 46, 2018 – Auctions of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab.
In order to refinance “Kort rente” (CITA-based) and CIBOR-based loans as per 1
July 2018 Nordea Kredit will conduct two electronic auctions on 22 and 23 May
2018.

Nordea Kredit will refinance both the “Kort rente” (CITA based) and the CIBOR
-based loans   by issuing new covered mortgage bonds (SDRO). The refinancing
auctions will be performed by Nordea Danmark, filial af Nordea Bank AB (publ),
Sverige.

Covered          DK0002041458 NDACITA6OA23RF
mortgage bonds   DK0002041532 NDACIBOR6OA22RF
The auctions     The auctions will take place at the Auction market for covered
                 bonds at NASDAQ Copenhagen. The participant code for the offer
                 is NOA.
                 The NDACITA6OA23RF bond (ISIN-code DK0002041458) will be
                 offered at 100.20. Bids should be made for the margin to be
                 added to the reference interest rate at the recurring fixings
                 of the coupon.
                 The coupon as per 1 July 2018 is fixed in this way: 6 month
                 CITA per 26 June multiplied by 365/360 plus the margin set at
                 the auction. The interest rate is rounded to two decimals.
                 The NDACIBOR6OA22RF bond (ISIN-code DK0002041532) will be
                 offered at 100.20. Bids should be made for the margin to be
                 added to the reference interest rate at the recurring fixings
                 of the coupon.
                 The coupon as per 1 July 2018 are fixed in this way: 6 month
                 CIBOR per 26 June multiplied by 365/360 plus the margin set at
                 the auction. The interest rate is rounded to two decimals.
                 Investors should note that the margins set at the auctions on
                 22 and 23 May 2018 will apply for the full maturity of the
                 bonds.
                 The auctions will be conducted using the Dutch auction
                 principle and the “hidden call” auction type. This means that
                 all bids below the margin set at the auctions will be fully
                 allocated. For bids at the margin set at the auctions, pro
                 rata allocation may apply. All bids above the margin set at
                 the auctions will not be allocated.
Auction dates    The auctions will take place
                 DK0002041458 NDACITA6OA23RF on Tuesday 22 May 2018
                 DK0002041532 NDACIBOR6OA22RF on Wednesday 23 May 2018
Rating           The offered covered mortgage bonds are rated Aaa with Moody’s
                 and AAA with Standard & Poor’s, respectively.
Auction          DK0002041458 NDACITA6OA23RF DKK 22,0 bn
volumes          DK0002041532 NDACIBOR6OA22RF DKK 14,8 bn
Additional       Nordea Kredit is not obliged to sell the full published
terms            amounts at the auctions.
                 Nordea Kredit may change the planned sales period including
                 postponement or cancellation of the planned sale of bonds.
Bids/Allocation  The auctions will open at 10 a.m. and close at 11.30 a.m.
                 Accepted bids will be allocated at 11.40 a.m.
                 Bids must be made for the margin on the reference interest
                 rate and bids with up to two decimals will be accepted.
Settlement       2 July 2018.
date             The circulation amounts at VP Securities will be updated by
                 the auction amounts on 18 May 2018.
Participants     Anyone with access to the auction market for covered bonds at
                 NASDAQ OMX may place a bid.
                 In case of technical problems bids may be placed with Nordea
                 Markets. Please contact Frank Klahsen at phone +45 33 33 14 44
                 or Brian Christophersen at phone +45 33 33 16 93.

If you have further questions please contact Nordea Group Treasury & ALM, Peter
Brag phone +45 33 33 16 63 or Finn Nicolaisen phone +45 33 33 16 25.

Kind regards

Nordea Kredit Realkreditaktieselskab


Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab.pdf