To NASDAQ OMX Copenhagen A/S 5th of November

BRFkredit a/s
Klampenborgvej 205
2800 Kgs. Lyngby
Investor Relations
Phone +45 45 93 45 93
Fax +45 45 88 42 22
http://www.brfkredit.com
[email protected]
CVR: 13 40 98 38
5th of November, 2015
To NASDAQ OMX Copenhagen A/S
Announcement no. 117/2015
Sales of bonds for refinancing of adjustable rate mortgage loans
From 17th to 26th of November 2015 (inclusive), BRFkredit will sell bonds to refinance adjustable rate mortgage loans. Refinancing will be carried out in both BRFkredits RTL F bonds and in traditional non-callable
bullet bonds.
The bonds are offered for sale with 4th of January 2016 as settlement date. However, an earlier settlement
date can be arranged.
The refinancing and interest rate adjustments of loans in Capital Centre E are based on covered bonds
(SDOs), whereas in Capital Centre B loans and interest rate adjustments are based on mortgage bonds (ROs).
BRFkredit will carry out the bond sales via Bloomberg’s auction system. Post-trade information will be disclosed through NASDAQ OMX Copenhagen.
The bonds are expected to be auctioned as shown in the table below:
Tuesday 17th of November
Open
Close
Allocation
Name
ISIN
Amount
09:30
10:00
10:05
1% BRF 1/1-2017 SDO (IT)
NEW
4.0 bn
13:00
13:30
13:35
1% BRF 1/4-2018 SDO
DK0009384406
900 mio.*
13:30
14:00
14:05
1% BRF 1/1-2019 SDO
DK0009386021
1.05 bn
Wednesday 18th of November 09:30
10:00
10:05
1% BRF 1/1-2017 SDO (IT)
NEW
4.0 bn
13:00
13:30
13:35
1% BRF 1/1-2020 SDO (F)
DK0009387425
860 mio.
13:30
14:00
14:05
1% BRF 1/10-2020 SDO
DK0009385213
1,25 mia.*
09:30
10:00
10:05
1% BRF 1/1-2017 SDO (IT)
NEW
4.0 bn
13:00
13:30
13:35
1% BRF 1/1-2020 SDO
DK0009386104
80 mio.
13:30
14:00
14:05
1% BRF 1/1-2021 SDO
DK0009386294
575 mio.
09:30
10:00
10:05
1% BRF 1/1-2017 SDO (IT)
NEW
4.0 bn
13:00
13:30
13:35
4% BRF 1/1-2019 SDO (F) EUR
DK0009389397
40 mio.
09:30
10:00
10:05
1% BRF 1/4-2019 SDO
DK0009384596
1.15 bn*
13:00
13:30
13:35
1% BRF 1/1-2019 SDO (F)
DK0009385809
3.5 bn
13:30
14:00
14:05
1% BRF 1/1-2019 SDO
DK0009386021
1.05 bn
09:30
10:00
10:05
1% BRF 1/4-2019 SDO
DK0009384596
1.15 bn*
13:00
13:30
13:35
1% BRF 1/1-2019 SDO (F)
DK0009385809
3.5 bn
13:30
14:00
14:05
1% BRF 1/1-2019 SDO
DK0009386021
1.05 bn
Wednesday 25th of November 09:30
10:00
10:05
1% BRF 1/4-2019 SDO
DK0009384596
1.15 bn*
13:00
13:30
13:35
1% BRF 1/1-2019 SDO (F)
DK0009385809
3.5 bn
13:30
14:00
14:05
1% BRF 1/4-2019 SDO (F)
DK0009383432
2.8 bn*
09:30
10:00
10:05
1% BRF 1/1-2019 RO (F)
DK0009386880
1.6 bn
13:00
13:30
13:35
1% BRF 1/1-2019 RO
DK0009387185
260 mio.
13:30
14:00
14:05
1% BRF 1/1-2021 RO
DK0009389553
290 mio.
Thursday 19th of November
Friday 20th of November
Monday 23rd of November
Tuesday 24th of November
Thursday 26th of November
* T he offered amount is a result of borrowers changing their annual refinancing to either April or October and new loans being transferred to BRFkredit
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Bids for the offered bonds must be made in terms of amount and price correct 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 not to sell the offering announced.
Currently BRFkredit offers the vast majority of new adjustable rate mortgage loans with interest rate adjustments in April. BRFkredit explores the possibility of moving existing mortgage loans and mortgage loans
generated under the joint funding agreements with interest rate adjustments in October and January to April.
The goal is to create bond series that fulfill LCR level 1b requirements. Where bond series achieve sufficient
outstanding volumes to fulfill level 1b requirements, new adjustable rate mortgage loans can due to diversification, be offered with interest adjustment away from April. Furthermore ordinary interest rate adjustment of
loans not moved away from October or January will of cause continue.
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.
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