The refinancing of Nordea Kredit's (CSE:NDAR) adjustable rate mortgages maturing on 1 April 2013 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. 7 to the NASDAQ OMX Copenhagen on 24 January 2013.
The auctions will take place Tuesday 26 February up to and including Thursday 28 February 2013.
The bonds are rated Aaa by Moody's and AAA by Standard & Poor's,
The auctions will open daily at 10:00 and close at 11:10 and 12:30, respectively with allocation of accepted bids at 11:10 and 12:40, respectively.
The settlement date is 2 April 2013.
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 in the PDF-file.
Nordea Kredit Realkreditaktieselskab
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For more detailed information please contact
Nordea Group Funding
phone no. +45 3333 1625
phone no. +45 3333 1663