GlobeNewswire by notified

Terms for Nykredit's and Totalkredit's auctions - Nykredit Realkredit A/S

Share

To Nasdaq Copenhagen    

Terms for Nykredit's and Totalkredit's auctions

The total bond offering in connection with the interest rate adjustment of adjustable-rate mortgages (ARMs) and the refinancing of floating-rate loans at Nykredit’s and Totalkredit’s refinancing auctions amounts to approx. DKK 42bn. The auctions will be conducted in the period from 6th to 10th February 2023.

In the auction period, Nykredit Realkredit A/S will publish the amounts offered in the individual ISINs daily at nykredit.com/ir.

Terms for the auctions including a list of the bonds offered, amounts offered and an auction schedule appear from Appendices 1 and 2.

Questions regarding the bond sale as well as technical matters may be addressed to Nykredit Realkredit A/S, Group Treasury, Christian Mauritzen, tel +45 44 55 10 14.

Other questions may be addressed to Corporate Communications, tel +45 44 55 14 50.

Appendix 1: Auction terms

Bonds offered, amounts offered and auction schedule
Appendix 2 contains auction schedules, lists of bonds offered, expected amounts and settlement dates. The tables show whether Nykredit Realkredit A/S expects the bonds to be offered at auction.

Every morning at 09:00 CET in the auction period, the amounts offered on that particular day in the individual ISINs will be published at nykredit.com/ir under "Debt", where you can find information on the refinancing auctions.

Refinancing principles – ARMs
The Nykredit Group offers fixed-rate non-callable bullet covered bonds for interest rate adjustment of ARMs based on the "refinancing price" principle.

For interest rate adjustment at the refinancing price, the bonds are sold at one or more bond auctions. The price is fixed as a weighted average of the prices obtained at the auctions.

If the Nykredit Group finds that the amount of bonds offered at an auction is not sufficient to obtain a market-consistent price, the refinancing price will instead be based on the Consolidated Reference Price of the bond in question quoted on Nasdaq Copenhagen.

Refinancing principles – floating-rate loans
Floating-rate loans are refinanced at four stand-alone auctions.

  • ISIN DK000953989-2 is non-callable. The mortgage bond is offered and settled at a price of 100.20. Based on the offer price, bids must be made in terms of the reference rate spread used for the regular coupon fixing.

  • ISIN DK000954004-9 is GREEN and non-callable. The mortgage bond is offered and settled at a price of 100.20. Based on the offer price, bids must be made in terms of the reference rate spread used for the regular coupon fixing.

Credit ratings
All auctioned bonds issued through Capital Centre H and G are rated AAA by S&P.

Bids
Bids for fixed-rate non-callable bullet covered bonds must be made in terms of amount and price. With respect to bonds maturing within 14 months, bids must be made in prices correct to three decimals. Other bids must be made correct to two decimals.

For all DKK-denominated bonds bids must be made in multiples of DKK 100,000, and for all EUR-denominated bonds in multiples of EUR 10,000.

More than one bid may be made in the same ISIN.
Type of auction
Mortgage bonds issued through Capital Centre H and G will be auctioned through Nasdaq Copenhagen’s auction submarket: 136 – CPH Auctions. Participants are stockbrokers and investors with access to the auction submarket at Nasdaq Copenhagen.

Allotment
As regards bonds for which bids are made in terms of price, bids above the cut-off price will be settled in full, and bids at the cut-off price may be accepted on a pro rata basis.

With respect to bonds for which bids are made in terms of reference rate spread, bids below the cut-off spread will be settled in full, and bids at the cut-off spread may be accepted on a pro rata basis.

All trades concluded will be published through Nasdaq Copenhagen.

Allotment at the auctions will take place as soon as possible, but not later than 10 minutes after closing.

Conditional offering of bonds with interest rate trigger
A condition of the final completion of a sale (allotment) of bonds offered with an interest rate trigger is that the yield-to-maturity of the bonds will not rise by more than 5 percentage points. Reference is made to the Danish Mortgage-Credit Loans and Mortgage-Credit Bonds etc. Act.

Value date
All bonds at auction will be subject to long settlement. The value date of all trades executed at the auctions will be 3rd April 2023.

Reverse facility
As the bonds traded will be subject to long settlement, Nykredit Realkredit A/S offers a reverse facility to auction participants whose bids have been accepted and who require the bonds after only two trading days.

By means of the reverse facility, Nykredit Realkredit A/S offers to sell the allotted bonds subject to the conventional two settlement days and subsequently repurchase them with 3rd April 2023 as the value date.

The size of the reverse facility will be determined on an individual basis but cannot exceed the amount allotted to each individual bidder. The reverse facility can be made conditional on the investor providing a corresponding amount of bonds maturing on 1st April 2023.

Reverse facilities will be arranged on an individual basis. Please contact Nykredit Realkredit A/S, Group Treasury, Søren Gyldenløve, tel +45 44 55 11 21.

Reservations regarding auctions
If, contrary to expectations, technical problems should prevent Nykredit Realkredit A/S from conducting an auction through Nasdaq Copenhagen's auction submarket, a stock exchange announcement will be issued containing the practical details of the auction.

Tap sales
Tap sales are made on 6th and 7th February 2023. Bids may be made on these days by contacting Nykredit Realkredit A/S, Group Treasury.

Other terms
The Nykredit Group is not obliged to sell the announced offering, and the offering may furthermore be subject to changes following loan disbursements in the auction period. In addition, the entire or parts of the offering may be postponed, but not later than the second-last business day of this quarter.

On or before the second-last business day of this quarter, it must be ascertained whether the number of purchasers was sufficient for all the covered bonds offered. If a sale of bonds has to be cancelled, the market will be notified immediately by a stock exchange announcement.

Appendix 2: Settlement times and amounts offered for bonds issued throughCapital CentreH and G.

ISINCapital centreIT / RF*CouponMaturity dateBids onInterest rate triggerLCR levelCurrencyAuction datesSettlementOffering (million)
StartEndCut-offAllotment
DK0009540395SDO (H)IT / RF*101/04/2024Price4.68%1bDKK06/02/202310/02/202311:3011:4016,500
DK0009507931SDO (H)RF201/01/2026Price-1bDKKTap sale**400
DK0009520959RO (G)RF101/04/2024Price-2aDKKTap sale**150
DK0009525834RO (G)RF101/04/2025Price-1bDKKTap sale**150
DK0009530750RO (G)RF101/04/2026Price-2aDKK07/02/202310:3010:40950
DK0009533507RO (G)RF101/04/2027Price-2aDKK08/02/202310:3010:40800
DK0009537920RO (G)RF101/04/2028Price-non-levelDKK09/02/202310:3010:40450
DK0009539892SDO (H)RFAdjustable01/04/2026Yield-1bDKK10/02/202310:3010:4014,600
DK0009540049SDO (H)RFAdjustable01/04/2026Yield-1bDKK10/02/202313:0013:108,400

*        (IT) Interest rate and refinancing trigger / (RF) Refinancing trigger
**        Tap sales are conducted on 6th and 7th February 2023.

Please note that the Nykredit Group is not obliged to sell the announced offering, and the offering may furthermore be subject to changes following loan disbursements in the auction period. In addition, the entire or parts of the offering may be postponed, but not later than the second-last business day of this quarter. The above table exclusively includes ISINs the amount of which exceeds a value equivalent to DKK 50m.

On or before the second-last business day of this quarter, it must be ascertained whether the number of purchasers was sufficient for all the covered bonds offered. The market must be notified hereof immediately by way of a company announcement.

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

RCI Banque: Issuance of Eur 750 Million Fixed Rate Notes Maturing in April 202727.3.2023 18:30:00 CEST | Press release

March 27th, 2023 RCI BANQUE: ISSUANCE OF EUR 750 MILLION FIXED RATE NOTES MATURING IN APRIL 2027 RCI Banque announces the issuance of a € 750 m 4-year bond bearing a 4.50% coupon. The deal attracted more than € 1.1 billion final order book coming from 90 subscribers. In a context of volatile market conditions, RCI Banque would like to thank the investors that participated to the trade for their renewed and their willingness to support its business. About Mobilize Financial Services: As a partner caring for all its customers, Mobilize Financial Services builds innovative financial services to create sustainable mobility for all. A subsidiary of the Renault Group whose activity started almost 100 years ago, Mobilize Financial Services is the commercial brand of RCI Banque SA, a French Bank specializing in automotive financing and services for Alliance customers and dealers. With operations in 35 countries and nearly 4,000 employees, the group financed over 1.2 million contracts (new and

Decisions Adopted by eQ Plc's Annual General Meeting27.3.2023 18:30:00 CEST | Press release

eQ Plc Stock Exchange Release 27 March 2023, at 7.30 p.m. eQ Plc’s Annual General Meeting, held on Wednesday 27 March 2023 in Helsinki (“AGM”), decided upon the following: Confirmation of the financial statements eQ Plc’s AGM confirmed the financial statement of the company, which included the group financial statements, the report by the Board of Directors and the auditor’s report for the financial year 2022. Decision in respect of the result shown on the balance sheet and distribution of the assets from the invested unrestricted equity fund The AGM confirmed the proposal by the Board of Directors that a dividend of 0.91 euros per share and a return of capital of 0.09 euros per share be paid from the invested unrestricted equity fund. The dividend and return of capital shall be paid to shareholders who on the record date for the payment, 29 March 2023, are recorded in the shareholders register held by Euroclear Finland Ltd. The dividend and return of capital shall be paid on 5 April 2

Wood Mackenzie appoints new Chief Financial Officer27.3.2023 18:22:05 CEST | Press release

Simon Crowe, formerly of ERM, brings sustainability and energy industry experience LONDON and HOUSTON and SINGAPORE, March 27, 2023 (GLOBE NEWSWIRE) -- Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March. Simon brings a wealth of experience in private and public companies in the US, Europe and Asia. He joins Wood Mackenzie after nearly five years as CFO of ERM, the world’s largest Sustainability and Environmental Consultancy where he played a key role in their rapid growth, diversification, and successful investment from KKR. Commenting on Simon’s appointment, Mark Brinin, CEO of Wood Mackenzie said: “Simon is a commercially minded CFO, with a breadth of international experience, having worked with private equity backed ERM and companies listed on New York, London and European stock exchanges. He has strong financial management and strategic leadership skills. Si

BBS-Bioactive Bone Substitutes – Inside information: The final report of the second audit received from the Notified Body, CE marking process may continue and CE marking approval continues to be expected during 202327.3.2023 18:20:00 CEST | Press release

BBS-Bioactive Bone Substitutes, Company announcement, Insider information, 27 March 2023 at 7:20 p.m. EEST BBS-Bioactive Bone Substitutes – Inside information: The final report of the second audit received from the Notified Body, CE marking process may continue and CE marking approval continues to be expected during 2023 The Notified Body has completed its second audit. The audit was carried out during 10-13 March 2023, the audit report was received on 20 March 2023, and today on 27 March 2023 the last meeting related to the audit was held with the authorities. The second audit was related to the approval process of BBS-Bone Substitutes Plc’s quality system, which is part of the CE marking process for the company's first product (ARTEBONE® Paste -bone filler). During the second audit, the Notified Body inspected more closely detailed product documentation and the production processes. According to the final audit report, certain additional measures are required from the company, and th

Ilkka Oyj – Acquisition of own shares on 27 March 202327.3.2023 18:00:00 CEST | Press release

ILKKA OYJ, STOCK EXCHANGE RELEASE, 27 March 2023 at 19:00 EET IlkkaOyj – Acquisition of own shares on 27 March 2023 At Nasdaq Helsinki Ltd: Date27 March 2023Exchange transactionBuyShare trading codeILKKA2Amount, shares 453Average price/share, EUR3.8044Total cost, EUR1,723.39 The company holds a total of 82,890 of its own shares (ILKKA2) including the shares acquired on 27 March 2023. Detailed information concerning the acquisition is attached to this stock exchange release. On behalf of Ilkka Oyj DANSKE BANK A/S, FINLAND BRANCH Jonathan Nyberg Antti Väliaho Additional information Olli Pirhonen, CEO, Ilkka Oyj, tel. +358 40 766 5418 www.ilkka.com Attachment Ilkka buyback 27.3.2023