Upcoming Mortgage Bond Auction by Nykredit
Nykredit is set to conduct an important mortgage bond auction that will take place soon. This event is noteworthy for various investors in the financial landscape, especially those interested in mortgage securities. The auction will be facilitated through Bloomberg's auction system AUPD, ensuring a streamlined bidding process.
Key Details of the Auction
The auction is scheduled to occur with the value date set for 1 April 2025. It's pivotal for bidders to remember that bids must be correct to two decimal places. All proposals for bids must specify an amount along with the price. Bids that go beyond the cut-off price will be settled fully, while the bids that meet the cut-off price may be proportionately accepted, reflecting a fair distribution of the bonds.
Details on Offered Bonds
During this auction, a significant covered bond will be made available for interested investors:
Bond Information
The specifics of the bond being offered are as follows:
- ISIN: DK000954527-9
- Name: Cita 3M NYK 32H SDO April 2027 RF
- Currency: DKK
- Offering Amount: 1,300 million DKK
Auction Timeline
For those participating in the auction, here are the crucial timings to note:
- 10:00 AM - The auction will officially open for bidding.
- 10:30 AM - The auction will close to new bids.
- 10:35 AM - Allotment of accepted bids will take place.
Contact for Inquiry
If there are any questions or need for clarification regarding the auction, participants can reach out to Nykredit Realkredit A/S, Group Treasury contacts:
- Christian Mauritzen, tel. +45 44 55 10 14
- Lars Mossing Madsen, tel. +45 44 55 11 66
Additionally, for other inquiries, the Corporate Communications team can be contacted at +45 44 55 14 50.
Frequently Asked Questions
What is the date for the auction?
The auction is scheduled for 28 March 2025, with the value date being 1 April 2025.
How can I participate in the auction?
Investors can participate by placing bids through Bloomberg's auction system AUPD, ensuring they meet the bid requirements.
What bond will be offered in the auction?
The auction will feature the Cita 3M NYK 32H SDO April 2027 RF bond, with an offering amount of 1,300 million DKK.
What are the key rules for bidding?
Bids must specify an amount and price, with bids above the cut-off price being accepted fully while those at the cut-off price may be settled proportionally.
Who can I contact for more information?
Queries regarding the auction can be directed to either Christian Mauritzen or Lars Mossing Madsen at Nykredit Realkredit A/S.
