Today Nykredit and Totalkredit conducted a number of stand-alone auctions of
covered
bonds ("særligt dækkede obligationer" - SDOs) in connection with the interest
rate adjustment of Nykredit Tilpasningslån (ARMs) and Totalkredit BoligXlån
loans according to the Auction Price principle. The interest rate of the loans
will be adjusted on 1 January 2008.
The auctions had an average bid-to-cover rate of 2.1 and bonds of a nominal DKK
5.1bn and EUR 436m were sold.
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