With the refinancing of Nordea Kredit's adjustable rate mortgages (ARMs) as of 1 April 2015 an electronic auction will be held in February 2015. The ARMs will be refinanced in covered mortgage bonds (SDRO). Nordea Bank Danmark will conduct the auction. The Auction The auction will be held in the market for mortgage bonds at NASDAQ Copenhagen. The Dutch (hidden call) auction principle will be applied, implying that where bids exceed the cut-off price, the full amount will be settled at the cut-off price. Bids made at the cut-off price may be allocated on a pro rata basis. There will be no allocation in respect of bids below the cut-off price. Auction period Tuesday, 24 February up to and including Thursday, 26 February 2015. Amount Final volumes offered and time schedule are expected to be announced in the week 6, 2015. Settlement date 1 April 2015 Participant Bids can be made by anyone with an access to the market for mortgage bonds at NASDAQ Copenhagen. In case of technical problems, bids can be made to Nordea Markets. Contact persons are Bjarne Hammeken phone no. +45 3333 1707 and Kim Petersen phone no. +45 3333 1644. For more detailed information please contact Nordea Group Treasury, Peter Brag phone no. +45 3333 1663 or Juho-Pekka Jääskeläinen phone no. +45 3333 1626. Yours faithfully Nordea Kredit Realkreditaktieselskab
Company Announcement No. 6, 2015 - Auction of covered
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