Supplement No 3 to. Base prospectus for mortgage bonds and mortgage-covered bonds issued by Realkredit Danmark A/S 24 June 2015

Transcription

1 Supplement No 3 to Baseprospectus for mortgage bonds and mortgage-covered bonds issued by of 24 Supplement No 3 to Base prospectus for mortgage bonds and mortgage-covered bonds issued by FEBRUARY 2017 TRANSLATION FROM DANISH THE DANISH VERSION PREVAILS CVR nr , København Page 1 af 6

2 Supplement No 3 to Baseprospectus for mortgage bonds and mortgage-covered bonds issued by of 24 In connection with the announcement of the Annual Report 2016 of Supplement No 3 to Base prospectus for mortgage bonds and mortgage-covered bonds issued by Realkredit Danmark A/S of 24 is hereby announced. The base prospectus is amended as follows: Page 5, Summary, item B.12 is replaced by new item B.12: B.12 Significant changes in Realkredit Danmark A/S s financial or trading position Selected important historical financial information for Realkredit Danmark A/S extracted from the most recent annual report (DKKm): Year Net profit 4,181 3,890 3,056 2,612 2,454 Total assets 862, , , , ,127 Return on equity 8.5 % 8.1 % 6.5 % 5.6 % 5.4% Cost/income ratio 12.5 % 12.5 % 13.5 % 14.7 % 15.9% Total capital ratio 30.1 % 38.8 % 34.5 % 34.0 % 34.3% Tier 1 capital 29.6 % 38.3 % 34.0 % 33.5 % 33.7% Note: Return on equity = net profit for the year as % of average shareholders equity, cost/income ratio = costs as % of income and tier 1 capital = tier 1 capital ratio. At the date of this Base Prospectus, there has been no adverse material change in the prospects of since the date of its last published financial statements. There have been no significant changes in s financial or trading position of relevance to the pricing of the Bonds subsequent to the period covered by the historical financial information. Page 31, Registration document, item 3.1 is replaced by new item 3.1: 3.1 Selected financial information concerning for the most recent financial years is set out in the table below (in DKKm): Year Net profit 4,181 3,890 3,056 2,612 2,454 Total assets 862, , , , ,127 Return on equity 8.5 % 8.1 % 6.5 % 5.6 % 5.4% Cost/income ratio 12.5 % 12.5 % 13.5 % 14.7 % 15.9% Total capital ratio 30.1 % 38.8 % 34.5 % 34.0 % 34.3% Tier 1 capital 29.6 % 38.3 % 34.0 % 33.5 % 33.7% Note: Return on equity = net profit for the year as % of average shareholders equity, cost/income ratio = costs as a percentage of income and tier 1 capital = tier 1 capital ratio. Annual reports and financial statements are available at s website CVR nr , København Page 2 af 6

3 Supplement No 3 to Baseprospectus for mortgage bonds and mortgage-covered bonds issued by of 24 As a consequence of the announcement of the Annual Report 2016 of Appendix 1: List of documents included in the base prospectus by reference is revised. The revised appendix 1 is attached. Investors, who have agreed to purchase or subscribe for bonds prior to the announcement of this supplement, have the right to withdraw their acceptance within a period of at least two business days after publication of the supplement on 10 February 2017, pursuant to art. 16(2) of the Prospectus Directive and relevant Danish law. Page 36, Registration document, item 13.7 is replaced by new item 13.7: At the date of this supplement, no significant changes have occurred to s financial or trading position since the Annual Report has been published. CVR nr , København Page 3 af 6

4 Supplement No 3 to Baseprospectus for mortgage bonds and mortgage-covered bonds issued by of 24 Statement by management The Executive Board today reviewed and approved this Supplement to the Base Prospectus for mortgage bonds and mortgage-covered bonds issued by of 24 in pursuance of the Board of Director s authority to the Executive Board as of March 3, We, the members of the Executive Board of, hereby declare that, to the best of our knowledge and belief, the information contained in the prospectus (the registration document, the securities note, the supplements and appendix) is in accordance with the facts and does not omit anything likely to affect the import of such information, and that all relevant information contained in the minutes of the Board of Directors, long-form audit reports and any other internal documents is contained herein. The company s Executive Board hereby declare that there are no potential conflicts of interest between the company s Board of Directors and the Executive Board, between the obligations that the members of the Board of Directors and the Executive Board of have in respect of and their private interests and/or other obligations. Copenhagen, 10 February 2017 The Executive Board Carsten Nøddebo Rasmussen Chief Executive Officer Henrik Blavnsfeldt Senior Vice President Under powers of procuration CVR nr , København Page 4 af 6

5 Supplement No 3 to Baseprospectus for mortgage bonds and mortgage-covered bonds issued by of 24 New Appendix 1: List of documents incorporated in the base prospectus by reference Documents to which reference is made in the base prospectus Last published historical financial information Last published financial information Type of document Date of publication 2 February February February 2017 Where in the base prospectus is the reference? Registration document Page 30, item 1.1 Page 31, item 3.1 Page 33, item Page 33, item Page 33, item Page 34, item 8.1 Page 34, item 8.2 Page 34, item 10.1 Page 35, item 11.1 Page 36, item 13.1 Document Where in the document is the reference? Auditors report, Page Directorships, Page Financial highlights, Page 2 Financial highlights, Page 2 Directorships, Page Organisation and management, Page 16 The full Annual Report 2015: Management s report, Pages 3-5 CVR nr , København Page 5 af 6

6 Supplement No 3 to Baseprospectus for mortgage bonds and mortgage-covered bonds issued by of 24 Where in the base prospectus is the reference? Page 36, item 13.2 Page 36, item Document Where in the document is the reference? Statement and reports, Pages Financial statements, Pages Notes, Pages The full Annual Report 2016: Management s report, Pages 3-5 Statement and reports, Pages Financial statements, Pages Notes, Pages Accounting policies, Pages Auditors report, Page 60 Auditors report, Page Page 36, item Annual Report 2012, 2013, 2014, 2015 and 2016 for Page 36, item Page 37, item 13.7 Page 37, item Page 37, item 17 Balance sheet and statement of capital, Pages CVR nr , København Page 6 af 6