Result of Realkredit Danmark's auction of 1-year bonds in series 10S and 10Q

To 
NASDAQ OMX Copenhagen		Executive Board
Parallelvej 17
DK-2800 Kgs. Lyngby
www.rd.dk

Telephone +45 7012 5300
Telefax +45 4514 9624



12 December 2008

 
Company Announcement No 86 - 2008

Result of Realkredit Danmark's auction of 1-year bonds in series 10S and 10Q
Realkredit Danmark has completed an auction of bonds with 1-year maturity in
the series 10S and 10Q. 

The auction of 1-year bond 10S 4% 2010 and 10Q 5% 2010 was held over ten
trading days from Monday, 1 December, through Friday, 12 December 2008. 

The result of the auctions of 10S 4% 2010 was:

Date	ISIN code	Bond	Total Bids (nom) 
DKK m	Total sale (nom)
DKK m	Cut-off 
price	YTM 
1. dec. 2008	DK0009276198	10S 4% 2010	21,595	   9,555	98.601	5.48
2. dec. 2008	DK0009276198	10S 4% 2010	27,405	  9,665	98.650	5.42
3. dec. 2008	DK0009276198	10S 4% 2010	25,905	  9,575	98.765	5.30
4. dec. 2008	DK0009276198	10S 4% 2010	22,150	10,275	99.150	4.89
5. dec. 2008	DK0009276198	10S 4% 2010	13,400	  8,900	99.050	5.00
8. dec. 2008	DK0009276198	10S 4% 2010	18,946	10,871	98.970	5.08
9. dec. 2008	DK0009276198	10S 4% 2010	17,853	  9,550	98.880	5.18
10. dec. 2008	DK0009276198	10S 4% 2010	21,010	  9,510	98.845	5.22
11. dec. 2008	DK0009276198	10S 4% 2010	21,810	  9,812	98.970	5.08
12. dec. 2008	DK0009276198	10S 4% 2010	16,192	  8,350	99.005	5.05

As a result of the auctions the weighted average price of 10S 4% 2010 was:

ISIN code	Bond	Total sale (nom)
DKK m	Weighted average 
price	YTM 	Interest rate*	Interest rate**
Interest-only periods 
DK0009276198	10S 4% 2010	96,063	98.889	5.17%	5.20%	5.17%
* The interest rate is calculated on the basis of a 30-year FlexLånÒ with full
reset every year. 
**	 The interest rate is calculated on the basis of a 30-year FlexLånÒ with
initial interest-only periods and full reset every year. 
 
The result of the auctions of 10Q 5% 2010 was:

Date	ISIN code	Bond	Total Bids (nom) 
EUR m	Total sale (nom)
EUR m	Cut-off 
Price	YTM 
1. dec. 2008	LU0395665754	10Q 5% 2010	   600	255	100.156	4.84
2. dec. 2008	LU0395665754	10Q 5% 2010	   515	266	100.176	4.82
3. dec. 2008	LU0395665754	10Q 5% 2010	   865	235	100.320	4.67
4. dec. 2008	LU0395665754	10Q 5% 2010	1,162	250	100.701	4.27
5. dec. 2008	LU0395665754	10Q 5% 2010	   900	250	100.700	4.27
8. dec. 2008	LU0395665754	10Q 5% 2010	   724	244	100.640	4.33
9. dec. 2008	LU0395665754	10Q 5% 2010	   965	240	100.670	4.30
10. dec. 2008	LU0395665754	10Q 5% 2010	   995	245	100.770	4.20
11. dec. 2008	LU0395665754	10Q 5% 2010	   555	245	100.900	4.06
12. dec. 2008	LU0395665754	10Q 5% 2010	   497	247	100.971	3.99

As a result of the auctions the weighted average price of 10Q 5% 2010 was: 

ISIN code	Bond	Total sale (nom)
EUR m	Weighted average 
Price	YTM 	Interest rate*	Interest rate**
Interest-only periods 
LU0395665754	10Q 5% 2010	2,477	100.597	4.38%	4.40%	4.38%
* The interest rate is calculated on the basis of a 30-year FlexLånÒ with full
reset every year. 
**	 The interest rate is calculated on the basis of a 30-year FlexLånÒ with
initial interest-only periods and full reset every year. 
   
The auction of 10S 4% with maturity 2012 or 2014 is also held over ten trading
days ending today at 12.30pm for settlement at 12.40pm. 


The result of these auctions will be announced immediately after settlement. 



The Executive Board


Any additional questions should be addressed to Senior Dealer Søren Gravgaard,
phone + 45 45 13 20 19 .