Opening of mortgage covered bonds

Company Announcement number 94/2014 – 12 December 2014

Opening of mortgage covered bonds

Realkredit Danmark will open a large number of new mortgage covered bonds in the coming weeks in order to comply with the new legislation on refinancing of mortgage covered bonds (L244) coming into force for all maturities on 1 January 2015.

For the funding of interest reset loans, bonds with the following characteristics will be opened:

The above-mentioned bonds will all have a refinancing failed option incorporated. A few of them will also have an interest rate trigger incorporated.

For the funding of adjustable rate mortgages, bonds with the following characteristics will be opened:  

1. The initial coupon applies until the first interest fixing date.
2. The bonds are amortised in line with the repayment of the loans that the bonds are funding. The loans may be bullet loans or annuity loans with option on interest only periods up to 10 years.

The above-mentioned bonds will all have a refinancing failed option incorporated, but no interest rate trigger.

The mortgage covered bonds will be issued from Capital Centre T.

The final terms will be published on a continuous basis in the weeks to come by Announcement of prospectus on Nasdaq Copenhagen A/S as well as on rd.dk/investor.

The Executive Board

Any additional questions should be addressed to Chief Analyst, Hella Gebhardt Rønnebæk, phone +45 45 13 20 68.