Jyske Realkredit’s auctions for 1 April 2026 refinancing

Core Viewpoint - Jyske Realkredit is set to conduct bond auctions from February 3 to February 5, 2026, for refinancing loans in cover pool E, offering various bonds with specified amounts and maturities [1][2][3]. Auction Details - The auctions will feature multiple bonds, including: - 1% JRK 1/4-2029 SDO with an amount of DKK 1,425 million - 1% JRK 1/4-2031 SDO with an amount of DKK 1,650 million - 1% JRK 1/4-2027 SDO (IT) with an amount of DKK 1,000 million - Additional bonds on February 4 and February 5 with varying amounts [2][6]. Bond Offerings - On February 4, Jyske Realkredit plans to sell: - 1% JRK 1/4-2030 SDO for DKK 350 million - 1% JRK 1/4-2032 SDO for DKK 100 million [3]. Auction Mechanics - The auction will be conducted using Bloomberg's auction system, with bids required to be made in specific formats based on the bond's maturity [8][9]. - All bids must be in multiples of DKK 1,000,000, and the final price will be determined by a weighted average of auction results [9][10]. Allotment and Settlement - Bids above the cut-off price will be fully settled, while proportional allocation may apply for bids at the cut-off price [10]. - The value date for all trades executed at the auction will be April 1, 2026 [11]. Reverse Facility - A reverse facility will be available for auction participants whose bids are accepted, allowing them to receive bonds with a two-day settlement [12][13]. Credit Ratings - All auctioned bonds issued through Capital Centre E are rated AAA by S&P, indicating a high level of creditworthiness [13].