Note 5

Issued covered bonds

Securities issued at floating interest rates are measured at amortised cost. Securities issued at fixed interest rates are measured at amortised cost as well, and fair value hedge accounting with changes in fair value (due to the hedged risk) recognised in profit and loss is used for the company's securities issued at fixed rate terms.

COVERED BONDS (MNOK)
ISIN code	Currency	Nominal value 30.06.2017	Interest	Issue	Maturity	30.06.2017	30.06.2016	31.12.2016
NO0010575079	NOK		3M Nibor + 0.55 %	2010	2017	-	1 497	1 498
NO0010588072	NOK	1 050	fixed NOK 4.75 %	2010	2025	1 243	1 322	1 251
NO0010657232	NOK	2 500	3M Nibor + 0.65 %	2012	2018	2 505	2 510	2 508
XS0828616457	SEK	700	3M Stibor + 0.70 %	2012	2017	694	693	666
NO0010676018	NOK	2 500	3M Nibor + 0.47 %	2013	2019	2 502	2 503	2 503
XS0968459361	EUR	25	fixed EUR 2.81 %	2013	2028	289	300	282
XS0984191873	EUR	30	6M Euribor + 0.20 %	2013	2020	287	279	272
NO0010696990	NOK	2 500	3M Nibor + 0.45 %	2013	2020	2 496	2 495	2 496
NO0010699028	NOK	150	3M Nibor + 0.37 %	2013	2017	150	750	750
NO0010720204	NOK	2 500	3M Nibor + 0.24 %	2014	2020	2 498	2 497	2 498
NO0010730187	NOK	1 000	fixed NOK 1.50 %	2015	2022	992	1 017	987
NO0010777584	NOK	2 500	3M Nibor + 0.58 %	2016	2021	2 499	-	2 498
XS1626109968	EUR	250	fixed EUR 0.125 %	2017	2022	2 389	-	-
Total securities issued						18 544	15 863	18 209
Accrued interest						71	68	56
Financial derivatives to hedge issued securities (liabilities)						7	4	4
Financial derivatives to hedge issued securities (assets)						-460	-546	-368
Total borrowings raised through the issue of securities						18 162	15 389	17 901

COVER POOL (MNOK)	30.06.2017	30.06.2016	31.12.2016
Pool of eligible loans 1)	20 320	17 933	19 430
Supplementary assets	270	226	743
Total collateralised assets	20 590	18 159	20 173
Collateralisation in %	113.4	118.0	112.7
1) NOK 215 million of total gross loans are not eligible for the cover pool as at 30.06.17.