Nykredit Group's Upcoming Auctions for Mortgage Refinancing
Nykredit Group is gearing up for a series of auctions scheduled for early February in order to facilitate refinancing options. These auctions are pivotal, focusing on adjustable-rate mortgages ('Tilpasningslån') in Danish Krone (DKK) as well as floating-rate loans denominated in both DKK and Euro (EUR).
Estimated Auction Overview
The Nykredit Group anticipates selling bonds that could amount to as much as DKK 60 billion. However, it’s essential to note that these estimates are preliminary and may change based on prepayments and refinancing developments leading up to the end of January.
Key Auction Schedule
The anticipated auction period runs from February 4 to February 7. Here is a brief overview of when the auctions are expected to take place:
Auction Timeline
The following is the expected schedule for the upcoming auctions:
Expected Auction Times – CET
The first auction will allow bidding until 10:30, with allotment expected by 10:40. The second auction will feature bidding until 11:30, with allotment around 11:40. Finally, the third auction will accept bids until 13:00, concluding with allotment expected around 13:10.
Details on Auction Amounts
More specific information regarding the auction amounts and periods will be provided on February 4. Following this announcement, the figures will be continuously updated and available at nykredit.com/ir.
Contact for Inquiries
If you have any questions about the bond sales or specific technical matters, feel free to reach out to Nykredit Realkredit A/S’s Group Treasury. Christian Mauritzen can be contacted at +45 44 55 10 14 for any inquiries you may have.
Frequently Asked Questions
What is the purpose of the auctions by Nykredit Group?
The auctions aim to refinance adjustable-rate mortgages and floating-rate loans in DKK and EUR.
How much does Nykredit expect to sell in bonds?
Nykredit currently anticipates selling bonds totaling up to DKK 60 billion, although this is subject to change.
When are the auctions scheduled to take place?
The auctions are set for the period from February 4 to February 7.
What are the expected times for the first auction?
Bidding for the first auction will be open until 10:30, with allotment expected by 10:40.
Who can I contact for more information on the bond sales?
You can reach out to Christian Mauritzen at Nykredit Realkredit A/S’s Group Treasury by calling +45 44 55 10 14.
