Nykredit and Totalkredit have concluded the bond sale in connection with the
refinancing of loans for which interest rate adjustment will take place at 1
January 2009 according to the 10-Day Average Price principle.
In the interest rate adjustment period, bonds worth a nominal DKK 74.3bn and
EUR 2.2bn were sold, of this DKK 62.1bn and EUR 1.9bn in connection with the
10-Day Average Price principle.
In spite of the financial crisis, the refinancing auctions saw high demand and
had an average bid-to-cover rate of 3. The considerable demand and satisfactory
prices emphasise that the Danish mortgage system also works efficiently in
times with turbulence in international financial markets.
