Copenhagen, 2011-11-29 13:45 CET (GLOBE NEWSWIRE) -- Nordea Bank Danmark A/S, acting as the Arranger of the above mentioned issue, has on 28 November 2011 become aware of the occurrence of a Credit Event (as defined in the Offering Circular) concerning the following Reference Entity:
The PMI Group, Inc.
A Bankruptcy Credit Event has occurred with respect to The PMI Group, Inc. on or about November 23, 2011. For further information we refer to www.isda.org/credit.
As a result of this Credit Event, the Notes IV will be redeemed on Maturity Date at (assuming no additional Credit Events):
EUR 56,350,000 – EUR 33,810,000 = EUR 22,540,000
This credit event notification is effective on 29 November 2011.
For further information please contact Theis Nygaard, Nordea Markets, on +45 33 33 14 78 or Anders Ellegaard, Nordea Markets, on +45 33 33 16 16.
