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BRFkredit opens new bond series to finance adjustable rate mortgage loans

June 3, 2014

To NASDAQ OMX Copenhagen A/S 3 June 2014 Announcement no. 56/2014 During the first half of June 2014 BRFkredit plans to launch a number of new bond series to finance F1 adjustable rate mortgage loans and bank loans with annually adjustable rates under the joint funding agreements. BRFkredit expects to launch two new types of bonds: 1. One type with floating rates, annually fixing. The bonds are expected to have one annual payment, maturity of 3-5 years, bullet loan, non-callable. The coupon is fixed as a result of the ordinary annual refinancing of one year adjustable rate mortgage loans, where BRFkredit will calculate and publish the reference rate in connection to the interest rate trigger under L-89. 1. A “pre-financed” bond with fixed rate. The bonds are expected to have annual payments, legal maturity of 3-30 years, bullet loans, callable every year on a payment date. Exercise of the call will be linked to the result of an separate annual refinancing. Final terms will be published in connection with issuance of new bonds. All new bonds will be regulated under L-89 regarding extension of maturity and interest rate trigger, if the legal maturity on the bonds are shorter than the maturity of the underlying mortgage loans. The new bonds are not intended to finance new mortgage products, but shall solely finance existing products. The new bonds are expected to improve the liquidity figures of BRFkredit both in relation to our rating agency and in relation to the expected liquidity measures under the coming CRR regulation. Questions regarding the new bonds may be directed to: - Executive Vice President, Lars Waalen Sandberg on phone (+45) 45 26 27 01 - Head of Research, SØren Winkler on telephone (+45) 45 26 29 30 - Group Treasurer, Anders Lund Hansen on telephone (+45) 45 26 22 80 Yours sincerely, BRFkredit a/s Lars Waalen Sandberg Executive Vice President Direct phone (+45) 45 26 27 01 E-mail Please observe that the Danish version of this announcement prevails. Copyright © 2014 OMX AB (publ).

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Source: OMX

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