Results of stand-alone auctions based on the auction price principle


On 10 September, Nykredit and Totalkredit have conducted stand-alone auction of
covered bonds (SDOs) in connection with the interest rate reset of ARMs
(Nykredit's Tilpasningslån (F1) and Totalkredit's BoligXlån (X1)) based on the
auction price principle. The interest rates will be reset on 1 October 2010. 

The auction had a bid-to-cover rate of 8.0, and bond sales totalled DKK 0.7bn
in nominal terms. 

For a retail borrower with a 30Y annuity loan of DKK 1m (33% tax allowance),
the interest rate reset of loans funded by SDOs to be effected on 1 October
will result in the following cash rates and monthly net payments: (see the
appendix) 

For detailed information on the bond sales, please refer to Appendix 1 and
nykredit.com/ir. 

Enquiries may be addressed to Lars Mossing Madsen, Head of Mortgage Finance,
tel +45 44 55 11 66, or Nels Petersen, Head of Corporate Communications, tel
+45 44 55 14 70/+45 20 22 22 72. 

Attachments

resultat-enkeltstaaende-sep-2010-uk-130910.pdf
GlobeNewswire

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