Nykredit and Totalkredit ● issue covered bonds ("særligt dækkede obligationer" - "SDOs") for the funding of mortgage loans ● open SDOs with up to 30-year interest-only periods ● raise the maximum LTV ratio for commercial properties from 60% to 70% ● carry out interest rate adjustment of an estimated DKK 88bn worth of SDOs and DKK 9bn of mortgage bonds (ROs) ● issue junior covered bonds for the funding of supplementary security in connection with mortgage lending.