The expected offering at the Nykredit Group's refinancing auctions in December amounts to DKK 80.6bn worth of DKK-denominated and EUR 2.9bn worth of EURdenominated fixed-rate non-callable bullet bonds. The amounts are slightly higher than announced in the stock exchange announcement issued on 15 November. The expected offering in the capped 5-year BoligX bond is DKK 4.0bn. The specific offering of covered bonds ("særligt dækkede obligationer" - SDOs) and mortgage bonds ("realkreditobligationer" - ROs - with a risk-weighting of 10%) as well as related ISINs appear from the attached appendix 1. The specific terms for the auctions are described in the stock exchange announcement issued on 21 November. Borrowers may refinance or prepay loans up to and including Friday 30 November, and, due SDO legislation, options have changed compared with the refinancing of previous years. Please note that the amounts offered may still change. Every morning throughout the auction period, the individual ISINs offered on that particular day will be announced at nykredit.com/ir. Questions regarding the bond sale as well as technical issues may be addressed to Lars Kastrup Nielsen, Head of Trading, tel +45 44 55 11 66. Other inquiries may be addressed to Henrik Hjortshøj-Nielsen, Executive Vice President, Group Treasury, tel +45 44 55 10 40, or Nels Petersen, Head of Corporate Communications, tel +45 44 55 14 70/+45 20 22 22 72.
Expected offering at the Nykredit Group's refinancing auctions in December 2007
| Source: Nykredit Realkredit A/S