Jyske Realkredit’s auctions for 1 January 2026 refinancing

Core Points - Jyske Realkredit is set to conduct bond auctions from November 17 to November 21, 2025, for refinancing loans in cover pool E [1] - The total refinancing amount for each auction day is 4,400 million DKK, with bonds identified as 1% 321.E.ja.27 IT1 [1] - The value date for all trades executed at the auction will be January 1, 2026 [7] Auction Details - The auctions will be held on Bloomberg's auction system, with bids required to be made in specific formats depending on the bond maturity [4][5] - All bids must be in multiples of DKK 1,000,000, and conditional offers for bonds with interest rate triggers are subject to a maximum increase of 5 percentage points [5] - Allotment will occur for bids above the cut-off price, with proportional allocation for bids at the cut-off price [6] Reverse Facility - Jyske Realkredit offers a reverse facility for auction participants needing bonds before the long settlement date, allowing for a sale and subsequent repurchase [8][9] - The size of the reverse facility will be determined individually but cannot exceed the amount allotted to each bidder [9] - Reverse facilities can be arranged by contacting Jyske Realkredit directly [10] Technical and Other Considerations - In case of technical issues preventing the auction, a stock exchange announcement will provide practical details [11] - The company is not obligated to sell the announced offering, which may be subject to changes or postponements [12][13]