Nykredit Realkredit opens euro bullets through VP Lux


As the first Danish mortgage bank, Nykredit offers customers the opportunity to
lock in interest rates today by opening three euro-denominated bonds through VP
Lux (VP Securities Services's subsidiary in Luxembourg). The offer addresses
customers with euro-denominated ARMs due for interest rate adjustment in
December. 

Nykredit recommends customers to enter into fixed-price agreements in order to
lock in their euro loan repayments for the year ahead. This may be expedient in
the current situation with significant turmoil in financial markets. 

The bonds are expected to become eligible as collateral for euro liquidity with
the ECB. This will enhance the attraction of the bonds among a wide group of
investors and make for more attractively priced loans for our customers. 

For details on the bonds, please refer to the announcement Amendments to Final
terms for the prospectus for the offering of SDOs in Nykredit Realkredit A/S,
Capital Centre E, series 12E (fixed-rate non-callable bonds, amortisation
independent of payments on underlying loans). 

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. 

Med venlig hilsen
Nykredit Realkredit A/S

Attachments

nykredit realkredit opens euro bullets through vp lux - 07.10.08.pdf