Auctions of bond series 10S and 10Q as well as series 10D

This year Realkredit Danmark will hold two auctions on bonds to fund FlexLån®. The first auction will be on mortgage bonds to fund loans to subsidized housing, which on the basis of current legislation are not allowed to be funded in mortgage covered bonds. The second auction will be on mortgage covered bonds to fund the remaining FlexLån®.

The first auction will be on mortgage bonds in series 10D. There will only be an auction on the 1-year and 3-year mortgage bonds in series 10D. The auction will be held in one day, Friday, 7 December 2007.

The second auction will be on mortgage covered bonds in series 10S and 10Q. The auction of 1-year mortgage covered bonds in series 10S and 10Q as well as 3-year and 5-year mortgage covered bonds in series 10S will be held in equal portions over five trading days from Monday, 10 December, through Friday, 14 December 2007. For the remaining securities identification codes in series 10S and 10Q, the auction will be held on Friday, 14 December 2007.

Mortgage bonds and mortgage covered bonds to be issued by Realkredit Danmark to refinance Flex-Lån® at 1 January 2008 will form the basis for the auction.

The amount of mortgage bonds to be auctioned in series 10D will be announced no later than 3 trading days prior to 7 December 2007. The amount of mortgage covered bonds to be auctioned in series 10S and 10Q will be announced no later than 3 trading days prior to 10 December 2007.

The preliminary amount of bonds to be auctioned and the exact terms and conditions of the auctions are set out in the appendices to this announcement.

Terms and conditions of Realkredit Danmark’s auction to be held 7 December 2007 (pdf 66 kb)
Terms and conditions of Realkredit Danmark’s auction to be held from 10 to 14 December 2007 (pdf 72 kb)

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

The Executive Board