Correction: Jyske Realkredit’s auctions for 1 July 2025 refinancing

Core Points - Jyske Realkredit is set to conduct auctions for refinancing on 27 May 2025, specifically for loans in cover pool E [1] - The total refinancing amount includes DKK 14 billion for Var. 422.E.OA Cb3.ju29 RF and DKK 8 billion for Var. G422.E.OA Cb3.ju29 RF [1] - The auction will utilize Bloomberg's auction system and will offer bonds at a price of 100.20 [3] Auction Terms - Floating-rate loans will be refinanced in a single auction on 27 May 2025, with bids required to be made in multiples of DKK 1,000,000 [3] - Bids must be placed correct to one basis point based on the reference rate spread used for coupon fixing [3] - All bids below the cut-off fixing spread will be settled in full, while proportional allocation may apply for bids at the exact cut-off fixing spread [4] Settlement and Reverse Facility - The value date for all trades executed at the auction will be 1 July 2025, and all bonds will be subject to long settlement [5] - A reverse facility will be available for auction participants who need the bonds after only two days, allowing for the sale and subsequent repurchase of allotted bonds [6][7] - The size of the reverse facility will be determined individually but cannot exceed the amount allotted to each bidder [7] Technical and Other Considerations - In case of technical issues preventing the auction, a stock exchange announcement will provide practical details [8] - Jyske Realkredit is not obligated to sell the announced offering, which may be subject to changes or postponements [9][10] - Credit ratings for all auctioned bonds issued through Capital Centre E are rated AAA by S&P [7]