To
NASDAQ OMX Copenhagen
Executive Board
Parallelvej 17
DK-2800 Kgs. Lyngby
www.rd.dk
Telephone +45 7012 5300
2 December 2008
Company Announcement number 83 - 2008
Final amount of bonds to be put on auction
Realkredit Danmark hereby announces the final amount of Mortgages Covered Bonds
(SDRO) to be put on auction for the refinancing of FlexLån® in series 10S and
10Q.
Efforts are made to hold the auction in equal portions over each trading day
the bonds are put on auction. The auction started Monday, 1 December, and will
finish Friday, 12 December 2008.
The amount of bonds on the first day of the auction Monday, 1 December, is
excluded from the final amount to be auction from Tuesday, 2 December through
Friday, 12 December 2008.
The final amount in DKK (m.) to be auctioned
DKK 10S
Total amount 1. December 2008 2.-12. December 2008 2.-12. December per day
(aim) 9. December 2008
2010 96,063 9,555 86,508 9,612
2012 4,230 425 3,805 423
2014 1,774 150 1,624 180
2011 830 830
2013 250 250
The final amount in EUR (m.) to be auctioned
EUR 10Q
Final amount 1. December 2008 2.-12. December 2008 2.-12. December per day
(aim) 9. December 2008
2010 2,477 255 2,222 247
2011 10 10
2012 29 29
2013 0.5 0.5
2014 14 14
The exact terms and conditions of the auctions are set out in the appendices to
this announcement.
Any additional questions should be addressed to Senior Dealer Søren Gravgaard,
phone +45 45 13 20 19.
The Executive Board
Terms and conditions of Realkredit Danmark's auction to be held from
2 to 12 December 2008
Auction
The auction will take place at NASDAQ OMX Copenhagen's mortgage-issuing
sub-market. The Dutch auction principle and hidden call method will be used.
Under the Dutch auction principle, all bids above the cut-off prices will be
settled in full at the cut-off prices. For bids at the exact cut-off price,
proportional allocation may be used. All bids below the cut-off prices will not
be settled. Hidden call means that the bidders can only see their own bids,
whereas the issuer can see all bids.
Decimal points
Investors may place their bids at prices with up to three decimal places for
1-year bonds maturing in 2010 in both the 10S and 10Q series.
For the rest of the securities identification codes offered, bids may contain
only two decimal places.
Bonds
Realkredit Danmark will put mortgage covered bonds in series 10S and 10Q,
maturing from 2010 to 2014 on the auction.
Bids/settlement
The auction will be held with three cut off periods 11.00am, 12.30pm and
1.30pm.
The IPMO is set to 10 minutes.
The following mortgage covered bonds will be offered:
Date Cut off period Settlement DKK
10S
Final amount DKK m. per day (total) EUR
10Q
Final amount EUR m. per day (total)
2.-12.
December 2008 11.00am 11.10am 2010 9,612 (86,508) 2010 247 (2,222)
12.30pm 12.40pm 2012 423 (3,805) - -
2014 180 (1,624) - -
9 December 2008
1.30pm 1.40pm 2011 830 2011 10
2013 250 2012 29
- - 2013 0.5
- - 2014 14
Value date
2 January 2009.
Participants
Bids will be accepted from all members with access to NASDAQ OMX Copenhagen's
mortgage-issuing sub-market.
Other conditions
1. Realkredit Danmark is not under any obligation to sell the entire amount
announced at the auctions.
2. On each auction day, Realkredit Danmark will not trade in the securities
identification code or codes offered on the auction at the specific auction day
prior to the announcement the results of the auction.
