Prospectus and Final Terms


Covered Bonds, junior covered bonds and mortgage bonds issued by BRFkredit shall be described in a prospectus in pursuance of Commission Regulation (EC) no. 809/2004. These regulations came into force on 1 July 2005. Bond series closed for issuance prior to this date are not covered by a prospectus.

The prospectuses for covered bonds and mortgage bonds take the form of a base prospectus and separate final terms. The general terms and conditions for the bond series as well as descriptions of BRFkredit and the bond series are given in a base prospectus. The specific details for the individual bond series are given in the final terms.

The prospectuses for junior covered bonds take the form of a prospectus and separate final terms. The general terms and conditions for the bond series as well as descriptions of BRFkredit and the bond series are given in the (program) prospectus. The specific details for the individual bond series are given in the final terms.

Offering circular for senior debt issued January 2013 is available here:
Offering circular for senior debt
January 2013
Final Terrms
January 2013



Offering circular for senior debt issued april 2010 is available here:
Offering circular (final) for senior debt
9 April 2010

Base prospectus - covered bonds (SDOs)

Addendums to the prospectus - covered bonds (SDOs)

When BRFkredit releases announcements that makes the information in the prospcectus obsolete, BRFkredit issues an addendum to the prospectus that describes which parts of the prospectus are updated.


Addendum no. 1 - Aa1 rating assigned by Moody's to covered bonds from Capital Centre E
(21 December 2007)
Addendum no. 2 - Updates due to the release of Annual Report 2007
(20 February 2008)
Addendum no. 3 - Updates due to the release of Interim Report 2008
(26 August 2008)
Addendum no. 4 - Updates due to the release of Annual Report 2008
(26 February 2009)
Addendum no. 5 - Updates due to the release of Interim Report 2009
(31 August 2009)
Addendum no. 6 - Updates due to the release of Annual Report 2009
(23 March 2010)
Addendum no. 7 - Updates re. rating
(25 March 2010)
Addendum no. 8 - Updates due to the release of Interim Report Q1-2010
(27 May 2010)
Addendum no. 9 - Updates due to the release of Interim Report Q2-2010
(27 August 2010)
Addendum no. 10 - Updates due to the release of Interim Report Q3-2010
(30 November 2010)
Addendum no. 11 - Updates due to the release of Annual Report 2010
(24 March 2011)
Addendum no. 12 - Updates due to the release of Interim Report Q1 2011
(18 May 2011)
Addendum no. 13 - Updates due to the release of Interim Report Q2 2011
(24 August 2011)
Addendum no. 14 - Updates due to the release of Interim Report Q3-2011
(18 November 2011)
Addendum no. 15 - Updates due to the release of Annual Report 2012
(28 February 2012)
Addendum no. 16 - Updates due to the release of Annual Report 2013
(08 January 2013)

Final Terms for covered bonds (SDOs)

Final Terms Series 111.E - 13 December 2007
Final Terms Series 154.E - 13 December 2007
Final Terms Series 321.E - 17 June 2008
Final Terms Series 321.E.EUR - 17 June 2008
Final Terms Series 411.E.OA - 13 December 2007
Final Terms Series 422.E.OA - 13 December 2007
Final Terms Series 454.E.OA - 13 December 2007
Final Terms Series 111.E. - 14 February 2008
Final Terms Series 455.E.R - 9 April 2008
Final Terms Series 111.E - 11 June 2008
Final Terms Series 411.E - 12 June 2008
Final Terms Series 321.E.LU - 25 November 2008
Final Terms Series 321.E. - 15 June 2009
Final Terms Series 111.E. - 11 August 2009
Final Terms Series 321.E.LU - 22 October 2009
Final Terms Series 321.E - 2 November 2009
Final Terms Series 111.E - 20 November 2009
Final Terms Series 321.E.ok - 20 January 2010
Final Terms Series 321.E.o.LU - 20 January 2010
Final Terms Series 411.E - 19 March 2010
Final Terms Series 321.E - 5 May 2010
Final Terms Series 321.E.o.LU - 30 June 2010
Final Terms Series 414.E.OA - 10 September 2010
Final Terms Series 111.E - 18 May 2011
Final Terms Series 411.E - 18 May 2011
Final Terms Series 321.E.o.LU 27 May 2011
Final Terms Series 321.E.ok_October 27 May 2011
Final Terms Series 321.E.LU_27 June 2011
Final Terms Series 321.H.ok_6 July 2011
Final Terms Series 321.E 15 November 2011
Final Terms Series 411.E 25 November 2011
Final Terms Series 111.E 6 December 2011
Final Terms Series 111.E 9 January 2012
Final Terms Series 111.E 18 January 2012
Final Terms Series 322.E 23 March 2012
Final Terms Series 321.E 17 April 2012
Final Terms Series 411.E 16 May 2012
Final Terms Series 111.E 29 May 2012
Final Terms Series 111.E 31 May 2012
Final Terms Series 111.E. 7 June 2012
Final Terms Series 321.E.LU 7 June 2012
Final Terms Series 321.E. LU 12 July 2012
Final Terms Series 321.E.12 September 2012

Prospectus - BRFkredit junior covered bonds

Prospectus for junior covered bonds - 27 June 2008
(published on 7 July 2008)
Prospectus for junior covered bonds - 20 July 2009
(published on 20 July 2009)
Prospectus for junior covered bonds - 30 Nor
2010 (published on 30 November 2010)
Prospectus for junior covered bonds - 11 January
2012 (published on 11January 2012)

Final terms - BRFkredit junior covered bonds
Final terms series 322.JCBE - 4 July 2008
Final terms series 321.JCBE - 11 March 2009
Final terms series 321.JCBE - 29 June 2009
Final terms series 322.JCBE - 29 June 2009
Final terms series 321.JCBE - 25 March 2010
Final terms series 322.JCBE - 25 March 2010
Final terms series 322.JCBE - 25 March 2011
Final terms series 322.JCBE - 29 June 2011
Final terms series 322.JCBE - 3 February 2012
Final terms series 321.JCBE - 7 February 2012
Final terms series 322.JCBE - 7 February 2012
Final terms series 322.JCBE - 6 July 2012


Addendums - BRFkredit junior covered bonds
Addendum no. 1 - updates due to the release of Interim Report 2008
(26 August 2008)
Addendum no. 2 - updates due to the release of Annual Report 2008
(26 February 2009)
Addendum no. 1 - updates due to the release of Interim Report 2009
(31 August 2009)
Addendum no. 2 - updates due to the release of Annual Report 2009
(23 March 2010)
Addendum no. 3 - updates due to the release of Interim Report q1-2010
(27 May 2010)
Addendum no. 1 - updates due to the release of Annual Report 2010
(24 March 2011)
Addendum no. 2 - updates due to the release of Interim Report Q1 2011
(18 May 2011)
Addendum no. 3 - updates due to the release of Interim Report Q2 2011
(24 August 2011)
Addendum no. 1 - updates due to the release of Annual Report 2011
(28 February 2012)

Base Prospectus - mortgage bonds (ROs)

BRFkredit's base prospectus contains both the descriptive information and final terms for those mortgage bond series that are already in the market.

Base Prospectus as of 15 June 2005

Addendums to the prospectus - mortgage bonds (ROs)

When BRFkredit releases announcements that makes the information in the prospcectus obsolete, BRFkredit issues an addendum to the prospectus that describes which parts of the prospectus are updated.


Addendum no. 1 - updates due to the release of Interim Report 2005
(24 August 2005)
Addendum no. 2 - updates due to the release of Annual Report 2005
(27 February 2006)
Addendum no. 3 - updates due to the release of Interim Report 2006
(23 August 2006)
Addendum no. 4 - updates due to the release of Annual Report 2006
(27 February 2007)
Addendum no. 5 - updates due to the release of Interim Report 2007
(23 August 2007)
Addendum no. 6 - choice of balance principle
(25 October 2007)
Addendum no. 7 - closing of bonds for issuance on 31 December 2007
(13 December 2007)
Addendum no. 8 - updates due to the release of Annual Report 2007
(20 February 2008)
Addendum no. 9 - updates due to the release of Interim Report 2008
(26 August 2008)
Addendum no. 10 - updates due to the release of Annual Report 2008
(26 February 2009)
Addendum no. 11 - updates due to the release of Interim Report 2009
(31 August 2009)
Addendum no. 12 - updates due to the release of Annual Report 2009
(23 March 2010)
Addendum no. 13 - updates due to the release of Interim Report Q1-2010
(27 May 2010)
Addendum no. 14 - updates due to the release of Interim Report Q2-2010
(27 August 2010)
Addendum no. 15 - updates due to the release of Interim Report Q3-2010
(30 November 2010)
Addendum no. 16 - updates due to the release of Annual Report 2010
(24 March 2011)
Addendum no. 17 - updates due to the release of Interim Report Q1 2011
(18 May 2011)
Addendum no. 18 - updates due to the release of Interim Report Q2 2011
(24 August 2011)
Addendum no. 19 - updates (18 November 2011)
Addendum no. 20 - updates (28 February 2012)
Addendum no. 21 - updates (08 January 2013)

Final Terms for mortgage bonds (ROs) issued until 31 December 2007

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