Nykredit and Totalkredit have concluded the bond sale in connection with the
refinancing of loans for which interest rate adjustment will take place on 1
January 2008 according to the 10-Day Average Price principle.
In the interest rate adjustment period, bonds worth a nominal DKK 63.4bn and
EUR 1.9bn have been sold.
In spite of the credit crisis, the refinancing auctions saw high demand and had
an average bid-to-cover rate of 3.8. The considerable demand and attractive
prices emphasise that the Danish mortgage system also works efficiently in
times with turbulence in the international financial markets.
