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Denmark

NATIONAL ASSOCIATION

Morten Baekmand Nielsen
The Association of Danish Mortgage Banks - Realkreditrådet
mobn@nykredit.dk
http://www.realkreditraadet.dk/About_us/Our_profile.aspx

Realkreditforeningen
http://www.realkreditforeningen.dk


NATIONAL LEGISLATION

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NATIONAL TRANSPARENCY TEMPLATE

» Denmark - National Transparency Template.xlsx

BOND LIST

  ISIN Pool
Identifier
Initial Date
of Issuance
Maturity Date Face value1 Coupon Syn. Listed Tapped Mat.2 EEA3 LCR4
DK0009517229 Nykredit Capital Centre H 21/03/2018 01/10/2021 EUR * 434,384 Fixed No Yes No HB Yes No
DK0006345731 Capital Centre B 06/03/2018 01/07/2023 EUR * 738,760,763 Floating No Yes Yes SB Yes 1
DK0002040997 Nordea Kredit Capital Center 2 19/02/2018 01/10/2050 EUR * 0 Fixed No Yes Yes HB Yes No
DK0006345228 Capital Centre B 07/02/2018 01/07/2023 EUR * 1,229,029,269 Floating No Yes No SB Yes 1
DK0006345061 Capital Centre B 06/02/2018 01/04/2019 EUR * 435,241,925 Fixed No Yes Yes SB Yes 2A
DK0006345145 Capital Centre B 06/02/2018 01/04/2020 EUR * 4,320,147 Fixed No Yes Yes SB Yes N/A
DK0009516411 Nykredit Capital Centre H 06/02/2018 01/10/2022 EUR * 2,134,539,272 Floating No Yes No HB Yes 1
DK0009394041 Capital Center E 02/02/2018 01/04/2019 EUR * 813,830,787 Fixed No Yes Yes SB Yes 1
DK0009394124 Capital Center E 02/02/2018 01/04/2020 EUR * 90,134,976 Fixed No Yes Yes SB Yes No
DK0009516767 Nykredit Capital Centre H 01/01/2018 01/07/2022 EUR * 2,782,488,829 Floating No Yes No HB Yes 1
DK0009516841 Nykredit Capital Centre H 01/01/2018 01/07/2021 EUR * 592,079,514 Floating No Yes No HB Yes 1
DK0009393902 Capital Center E 19/12/2017 01/10/2040 EUR * 4,118,399 Fixed No Yes Yes HB Yes No
DK0009515017 Nykredit Capital Centre E 14/12/2017 01/10/2040 EUR * 12,034,585 Fixed No Yes No HB Yes No
DK0009796864 Nykredit Capital Centre H 14/12/2017 01/07/2023 EUR * 568,124,300 Fixed No Yes No HB Yes 1
DK0009393829 Capital Center E 13/12/2017 01/07/2021 EUR * 335,800,347 Floating No Yes Yes SB Yes 2A
DK0006344171 Capital Centre B 05/12/2017 01/01/2028 EUR * 49,275,011 Floating No Yes No SB Yes N/A
DK0006344254 Capital Centre B 05/12/2017 01/01/2028 EUR 237,829,623 Floating No Yes No SB Yes N/A
DK0009513152 Nykredit Capital Centre E 01/12/2017 01/10/2050 EUR * 180,222,230 Fixed No Yes No HB Yes No
DK0002040567 Nordea Kredit Capital Center 2 30/11/2017 01/10/2050 EUR * 91,716,642 Fixed No Yes Yes HB Yes No
DK0002040641 Nordea Kredit Capital Center 2 30/11/2017 01/10/2040 EUR * 0 Fixed No Yes Yes HB Yes No
DK0009393746 Capital Center E 29/11/2017 01/10/2050 EUR * 119,585,231 Fixed No Yes Yes HB Yes No
DK0009393662 Capital Center E 24/11/2017 01/01/2023 EUR 69,406 Fixed No Yes Yes SB Yes No
DK0009393589 Capital Center E 24/11/2017 01/01/2022 EUR 5,762 Fixed No Yes Yes SB Yes No
DK0002040211 Nordea Kredit Capital Center 2 10/11/2017 01/01/2023 EUR 169,582 Fixed No Yes Yes SB Yes No
DK0002040484 Nordea Kredit Capital Center 2 10/11/2017 01/01/2022 EUR 12,164 Fixed No Yes Yes SB Yes No
1 - 25 of 949 First | < Previous | Next > | Last

(1) Please note that the face value of this bond has been converted into EUR values on the 15th of January of the current year (where the exchange rate protocol takes the ECB bilateral exchange rate on the last business day of the previous year) in order to facilitate the comparison across issuances and to increase the overall transparency of the website. Nevertheless, you will be able to check the original currency by directly clicking on the covered bond.

(2) Mat. - Maturity profile

HB - Hard bullet
Hard bullet covered bonds are repaid on the scheduled maturity date. Neither the documentation nor the legal framework contain provisions for a maturity extension. Failure to repay the final redemption amount of a hard bullet covered bond on the scheduled maturity date could trigger the default of the relevant covered bonds and, possibly, the liquidation of the cover pool depending on the respective national insolvency rules.

SB - Soft bullet
Soft bullet covered bonds have a scheduled maturity date and an extended maturity date. If objective, predefined and transparent criteria have been met , the maturity of a soft bullet covered bond can, and in some cases will automatically, be prolonged up to the extended maturity date. During the extension period, the covered bond may be redeemed using cover pool proceeds. Failure to repay a covered bond on the extended maturity date triggers the default of the relevant extended covered bonds (unless multiple extensions are allowed).

CPT - Conditional pass-through
Conditional pass-through (CPT) covered bonds have a scheduled maturity date and an extension mechanism. By itself, the failure to repay the CPT covered bond on the scheduled maturity date does not lead to an acceleration of this covered bond but to an extension of the maturity date of this and potentially other relevant covered bonds. The extension requires that objective, predefined and transparent criteria are met. In such circumstances the maturity of a CPT covered bond can be prolonged to the extended maturity date, which is typically linked to the maximum legal maturity of the underlying assets. During the extension period, cash-flows received or generated from the cover assets will be distributed to the covered bonds investors. Regular attempts are in general made to sell the cover pool assets to redeem the covered bonds . Such sales are subject to predefined criteria intended to protect the interests of all investors under the same programme. In certain jurisdictions and programmes, CPT covered bonds may feature an initial soft bullet extension

(3) European Economic Area (EEA) or non-EEA. While all the non-EEA labelled programmes’ quality standards will be fully aligned to the Covered Bond Label Convention, to Article 129 of the Capital Requirements Regulation (CRR) and to the definitions in the Liquidity Coverage Requirements (LCR) with the exception of being based in the EEA, i.e. they will present similar legislative safeguards from a qualitative and supervisory point of view to those in Europe, these bonds will present different characteristics, for example in terms of risk weights. Therefore, non-EEA Labels will be identified on the Label website by using a different graphic solution.

(4) The issuer believes that, at the time of its issuance and based on transparency data made publicly available by the issuer, this bond would satisfy the eligibility criteria for its classification as a Level 1 or Level 2 asset in accordance with Chapter 2 of the LCR delegated act. It should be noted that whether or not a bond is a liquid asset for the purposes of the Liquidity Coverage Ratio under Regulation (EU) 575/2013 is ultimately a matter to be determined by a relevant investor institution and its relevant supervisory authority and the issuer does not accept any responsibility in this regard.

Sustainable covered bond. A Covered Bond Labelled sustainable covered bond is a covered bond that is fully compliant with the Covered Bond Label Convention, and also includes a formal commitment by the issuer to use an amount equivalent to the proceeds of that same covered bond to (re)finance loans in clearly defined environmental (green), social or a combination of environmental and social (sustainable) criteria. Covered Bond Labelled sustainable covered bond programs are based on their issuer’s sustainable bond framework which has been verified by an independent external assessment. The issuer strives, on a best efforts basis, to replace eligible assets that have matured or are redeemed before the maturity of the bond by other eligible assets.
[Against this background, please note that the EMF-ECBC is currently working on market initiatives which will ultimately define European criteria for energy efficiency covered bonds and sustainability standards]

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