Nykredit Group refinancing auctions April 2009


Nykredit offers DKK 4.3bn-worth of Aaa-/AAA-rated DKK-denominated covered bonds
("særligt dækkede obligationer" - SDOs) in connection with the interest rate
adjustment of Nykredit's Tilpasningslån and Totalkredit's BoligXlån (ARMs)
subject to annual interest rate adjustment on 1 April. 

Offering and auction terms
The auctions take place from Monday 9 March to Friday 20 March this year (both
dates included). For the ISIN offered, please refer to Appendix 1, while the
specific times and terms of the different auctions appear from Appendices 2 and
3. 

Questions regarding the bond sale as well as technical issues may be addressed
to Lars Mossing Madsen, Head of Trading, tel +45 44 55 11 66. 

Other inquiries may be addressed to Henrik Hjortshøj-Nielsen, Executive Vice
Presi-dent, Group Treasury, tel +45 44 55 10 40, or Nels Petersen, Head of
Corporate Communications, tel +45 44 55 14 70/+45 20 22 22 72. 


Yours sincerely 
Nykredit Realkredit A/S

Attachments

nykredit group refinancing auctions april 2009.pdf