Sales of bonds for refinancing of loans with adjustable rates

To NASDAQ OMX Copenhagen A/S
1^st September 2014
Announcement no. 94/2014
 

Sales of bonds for refinancing of loans with adjustable rates

BRFkredit will on Thursday the 4^th of September 2014 sell bonds to refinance mortgage loans with adjustable rates.

The bonds are offered for sale with 1^st October 2014 as settlement date. However, an earlier settlement date can be arranged.

BRFkredit will carry out the bond sales via Bloomberg’s auction system. Post-trade information will be disclosed through NASDAQ OMX Copenhagen.

Bids for the offered bonds must be made in terms of amount and price correct to three decimals. Bids can be placed between 9 am and 10:30 am, and allotment will be announced no later than 10:35 am. Bids above the fixing price will be settled in full at the fixing price. Bids at the fixing price may be accepted on a pro rata basis.

The below mentioned bond is to be offered:

BRFkredit’s daily bond sales in relation to the disbursement of new mortgage loans, purchases of bonds in relation to redemption of existing mortgage loans and purchases for the investment of surplus liquidity may be executed in parallel with the above mentioned sale.

If technical problems should prevent BRFkredit from conducting an auction, a stock exchange announcement will be issued, detailing how the auction will be carried out in practice.

BRFkredit reserves the right not to sell the offering announced.

Technical questions regarding the bond sales may be directed to:

• Head of Investments, André Hauberg on telephone (+45) 45 26 29 18
• Group Treasurer, Anders Lund Hansen on telephone (+45) 45 26 22 80

Yours sincerely,
BRFkredit a/s

Lars Waalen Sandberg
Executive Vice President

 

Please observe that the Danish version of this announcement prevails.