The object of the tender is to select two investment managers to manage LD Pensions’ assets within Danish High Grade Bonds and this tender therefore includes two lots. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD.

A more detailed description of the characteristics of the mandates can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements).

The sizes of the mandates covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.

LD Pensions is selecting two investment managers to provide investment management services for the following mandates:

1) Danish High Grade Bonds incl. European Covered Bonds; and

2) Danish High Grade Bonds.

Expected size for both mandates is DKK 4 500 million, approx. EUR 600 million. The size of the mandates is indicative due to LD Pensions’ inability to determine the volume in advance.

Both mandates are actively managed, and the objective for both mandates is to outperform the benchmark over a time period of 2-3 years with an outperformance of 50-100 bp p.a. without direct duration bets. The benchmark for one of the mandates consists of Danish mortgage bonds and Danish government bonds, whereas the benchmark for the other mandate also includes European covered bonds in addition to Danish mortgage bonds and Danish government bonds.

A more detailed description of the characteristics of the mandates can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements).

A tenderer can submit a tender for one of the mandates or both mandates. The two mandates will be awarded to two different Tenderers i.e. a Tenderer cannot be awarded both Agreements.

LD Pensions is selecting two investment managers to provide investment management services for the following mandates:

1) Danish High Grade Bonds incl. European Covered Bonds; and

2) Danish High Grade Bonds.

Expected size for both mandates is DKK 4 500 million, approx. EUR 600 million. The size of the mandates is indicative due to LD Pensions’ inability to determine the volume in advance.

Both mandates are actively managed, and the objective for both mandates is to outperform the benchmark over a time period of 2-3 years with an outperformance of 50-100 bp p.a. without direct duration bets. The benchmark for one of the mandates consists of Danish mortgage bonds and Danish government bonds, whereas the benchmark for the other mandate also includes European covered bonds in addition to Danish mortgage bonds and Danish government bonds.

A more detailed description of the characteristics of the mandates can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements).

A tenderer can submit a tender for one of the mandates or both mandates. The two mandates will be awarded to two different Tenderers i.e. a Tenderer cannot be awarded both agreements.