<< Back

BondVision Advances its Position in the Nordic Region as Nykredit Bank Joins as Dealer

Milan, September 15, 2003 – BondVision today announced Nykredit Bank as the 26th Dealer to join the platform. The entry of Nykredit, one of Denmark's leading financial institutions and one of the largest private bond issuers in Europe, strengthens the position of the Dealer-to-Customer arm of the MTS Group in the Nordic Region.

“The addition of Nykredit further advances BondVision’s objective of providing Scandinavian investors access to unparalleled liquidity from the leading dealers active on the MTS Markets,” said Gianluca Garbi, Chief Executive Officer of MTS S.p.A. “Nykredit has joined the platform at a very interesting time, as we introduce the MTS model in markets beyond the eurozone to continue our drive in promoting liquidity, efficiency and integration of European capital markets.”

Georg Andersen, Head of Nykredit Markets said: “We are very pleased to be joining BondVision and to be providing our customers with a more efficient tool with which to conduct business. As a leading market maker and issuer in Europe, we support the commitment of the MTS Group to provide transparent and cost efficient services to both the buy-side and the sell-side.”

BondVision remains committed to serving the market by offering the most efficient, cost-effective Dealer-to-Client product in the industry. Following the MTS Group’s model, BondVision’s focus will always rest on providing participants with the benefits of technology at the lowest possible costs. Clients continue to trade free of charge on the BondVision market.

1. BondVision
   The Internet-based multi-Dealer to Client Market powered by MTS, the leading fixed-income wholesale market in Europe and Japan. BondVision is the only regulated Internet-based multi Dealer to Client Market with an ISD European passport. Institutional Clients connect via the Internet and request for quotes from a number of Dealers prior to trading the best incoming price. BondVision Dealers are amongst those currently participating on the wholesale trading platform of the MTS Markets. Listed securities include euro Government bonds, Agencies, Asset backed securities and corporate bonds. Cash and Switch trading are supported.
   
   For more information, please go to www.bondvision.com
   
2. List of BondVision Dealers
   
   

   ABN Amro Banca IMI Banc of America Securities Barclays Capital CDC Ixis CM Commerzbank Crédit Agricole Indosuez Credit Suisse First Boston Danske Bank Dresdner Bank Deutsche Bank AG Fortis Bank Goldman Sachs

   Banco Bilbao Viscaya Argentaria BNP Paribas Caboto SIM Capitalia ING Bank NV JP Morgan Securities Lehman Brothers Merrill Lynch Morgan Stanley Nykredit Bank Société Générale UBM UBS

   
   
3. Nykredit Bank
   
   Nykredit Bank occupies a key position in the overall strategy of the Nykredit Group and co-operates closely with the other companies of the Group primarily Nykredit Realkredit A/S and Nykredit Østifterne Forsikring A/S.
   
   When serving customers on a day-to-day basis the Nykredit Group acts as one entity made up of four business areas – Reteail Customers, Commercial Customers, Agricultural Customers and Markets & Asset Management. Each business area generally offers customers all of the products available from the different companies of the Group.
   
   The Bank plays different roles within each business area. Where Retail and Agricultural Customers are concerned, the Bank's role is mainly to supply products. For the purpose of Commercial Custsomers the Bank supplies products for small commercial customers and is account manager of corporate customers, whereas the Bank is responsible for all Markets & Asset Management activities.
   
   The Bank's objective is to make a significant contribution to the Nykredit Group as a quality-conscious and competitive financial services provider. This also creates a platform for achieving a satisfactory level of profitability in Nykredit Bank.
   
   For more information, please go to www.nykredit.pl
   
4. Contacts
   Allan Malvar
   Corporate Communications
   Tel. +44 20 7786 6049
   Email. malvar_allan@mtsgroup.or