Totalkredit A/S publishes addendum to prospectus for the offering of mortgage bonds in connection with the presentation of the H1 Financial Statements 2007 and in accordance with the Executive Order on the issuance of bonds, balance principle and risk management (the "Executive Order"). Pursuant to section 2 of the Executive Order, Danish mortgage banks are subject to new requirements with respect to the choice of balance principle governing the issuance of mortgage bonds which implies that the balance principle applied up to now with respect to Totalkredit's Capital Centre C must be revised to comply with legislation. The prospectus for the offering of mortgage bonds in Totalkredit's capital centre will therefore be amended to show that in future the issuance of mortgage bonds out of Totalkredit's Capital Centre C will comply with part 2 of the Executive Order (the general balance principle). The amendment takes effect from 1 October 2007. In practice, applying the general balance principle does not imply significant changes relative to previous announcements concerning Totalkredit's lending activities out of Capital Centre C. In consequence, Totalkredit has not assumed any significant further financial risk in relation to the lending and funding thereof through Totalkredit's Capital Centre C. The addendum is available for download at totalkredit.dk. Questions may be directed at Hans Henrik Andersen, Managing Director, tel +45 44 55 54 02.
Totalkredit A/S publishes addendum to prospectus for the offering of mortgage bonds
| Source: Totalkredit A/S