14th of August 2018
To NASDAQ Copenhagen A/S
Announcement no. 68/2018
Sales of bonds for refinancing of adjustable rate mortgage loans
From 20th to 23rd of August 2018 (inclusive), BRFkredit will sell bonds to refinance adjustable rate mortgage loans. The bonds are offered for sale with 1st of October 2018 as settlement date. However, an earlier settlement date can be arranged.
The refinancing and interest rate adjustments of loans will be based on covered bonds (SDOs), and BRFkredit will carry out the bond sales via Bloomberg’s auction system.
The bonds and amounts to be refinanced are specified in the table below:
| Open | Close | Allocation | Name | ISIN | Amount | LCR | |
| Monday, 20th of August | 10:00 | 11:00 | 11:05 | 1% BRF 1/10-2019 SDO | DK0009394470 | 360 mill. | 1A |
| 10:00 | 11:00 | 11:05 | 1% BRF 1/10-2020 SDO | DK0009394553 | 365 mill. | 1A | |
| 10:00 | 11:00 | 11:05 | 1% BRF 1/10-2021 SDO | DK0009394637 | 370 mill. | 1A | |
| 10:00 | 11:00 | 11:05 | 1% BRF 1/10-2022 SDO | DK0009394710 | 370 mill. | 1A | |
| 10:00 | 11:00 | 11:05 | 1% BRF 1/10-2023 SDO | DK0009394983 | 375 mill. | 1A | |
| 10:00 | 11:00 | 11:05 | 1% BRF 1/10-2024 SDO | DK0009395014 | 380 mill. | 1A | |
| 10:00 | 11:00 | 11:05 | 1% BRF 1/10-2025 SDO | DK0009395287 | 385 mill. | 1A | |
| 10:00 | 11:00 | 11:05 | 1% BRF 1/10-2026 SDO | DK0009395360 | 385 mill. | 1A | |
| 10:00 | 11:00 | 11:05 | 1% BRF 1/10-2027 SDO | DK0009395444 | 370 mill. | 1A | |
| 10:00 | 11:00 | 11:05 | 1% BRF 1/10-2028 SDO | DK0009395527 | 5.130 mill. | 1A | |
| Tuesday, 21st of August | 09:00 | 09:30 | 09:35 | 1% BRF 1/10-2019 SDO (IT) | New | 3.000 mill. | 1B |
| 10:30 | 11:00 | 11:05 | 1% BRF 1/4-2021 SDO | DK0009384752 | 625 mill. | 1B | |
| Wednesday, 22nd of August | 09:00 | 09:30 | 09:35 | 1% BRF 1/10-2019 SDO (IT) | New | 3.000 mill. | 1B |
| 10:30 | 11:00 | 11:05 | 1% BRF 1/4-2023 SDO | DK0009391021 | 285 mill. | 1B | |
| Thursday, 23rd of August | 09:00 | 09:30 | 09:35 | 1% BRF 1/10-2019 SDO (IT) | New | 3.000 mill | 1B |
| 10:30 | 11:00 | 11:05 | 1% BRF 1/4-2021 SDO | DK0009384752 | 625 mill. | 1B |
Bids for the offered bonds must be made in terms of amount and price correct up to three decimals. 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.
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 will be executed in parallel with the above mentioned sales.
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 to amend or cancel the offering announced.
Questions regarding the bond sales may be directed to:
- Head of Mortgage ALM, 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.