Danish auctions unaffected by Moody’s ARM concerns
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Covered Bonds

Danish auctions unaffected by Moody’s ARM concerns

Two Danish issuers completed auctions of mortgage backed covered bonds to refinance adjustable rate mortgage (ARM) loans this week. Nordea Kredit Realkreditaktieselskab sold DKK11bn on Wednesday, and Realkredit Danmark on Thursday auctioned Eu680m of one year bonds.

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