Realkredit Danmark to Auction Mortgage Covered Bonds Soon
Upcoming Auction of Mortgage Covered Bonds Series 10F
Realkredit Danmark is excited to announce the upcoming auctions for mortgage covered bonds series 10F, intended for new loan issuance. This move comes as a response to increased remortgaging activities.
Auction Details and Schedule
Set to occur on Thursday, the auction will take place on March 27 with a value date of March 31, 2025. During these auctions, final amounts won't be disclosed until the day of the event due to potential alterations. Investors can expect announcements via Bloomberg’s chat system around 9:00 a.m. on the auction day. For more information, contacting the designated representative will also be available.
Projected Sales and Investment Opportunities
Realkredit Danmark anticipates prominent growth in bond financing initiatives, projecting substantial amounts for various loan categories. These categories include FlexLån (other maturities), expected to reach DKK 300 million, other floating-rate loans anticipated at DKK 400 million, and fixed-rate loans projected to attain DKK 200 million. This reflects an overall anticipated bond sale of around DKK 5.1 billion, including amounts from the auctions.
It’s also notable that while these amounts are projected, Realkredit Danmark retains the discretion to adjust, choosing not to sell the entire announced bond volume if deemed necessary.
Key Contacts and Further Information
The Executive Management remains available for inquiries regarding this auction. Any additional questions or clarifications can be directed to Christian Rosenstand, who serves as the Head of RD Funding. Ensure to direct your inquiries via email.
Frequently Asked Questions
What is the purpose of the auction for mortgage covered bonds?
The auction aims to facilitate the issuance of new loans due to increased remortgaging activities.
When will the auction take place?
The auction is scheduled for March 27, 2025, with a value date of March 31, 2025.
How much is expected to be sold during the auction?
Realkredit Danmark anticipates that about DKK 5.1 billion will be sold, including auction amounts.
Who can I contact for additional information?
Questions can be directed to Christian Rosenstand, Head of RD Funding, via the provided email address.
Will the final auction amounts be announced before the auction?
Final amounts will be disclosed on the auction day, around 9:00 a.m., through Bloomberg’s chat system.
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