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 30.09.2016	Interest	Issue	Maturity	30.09.2016	30.09.2015	31.12.2015
NO0010499841	NOK	-	3M Nibor + 0.50 %	2009	2016	-	828	827
NO0010575079	NOK	1 500	3M Nibor + 0.55 %	2010	2017	1 498	1 496	1 497
NO0010588072	NOK	1 050	fixed NOK 4.75 %	2010	2025	1 302	1 270	1 272
XS0685790585	SEK	-	3M Stibor + 0.75 %	2011	2015	-	455	-
NO0010657232	NOK	2 500	3M Nibor + 0.65 %	2012	2018	2 509	2 513	2 512
XS0828616457	SEK	700	3M Stibor + 0.70 %	2012	2017	655	710	736
NO0010676018	NOK	2 500	3M Nibor + 0.47 %	2013	2019	2 503	2 006	2 006
XS0968459361	EUR	25	fixed EUR 2.81 %	2013	2028	293	286	289
XS0984191873	EUR	30	6M Euribor + 0.20 %	2013	2020	270	285	288
NO0010696990	NOK	2 500	3M Nibor + 0.45 %	2013	2020	2 495	1 998	1 999
NO0010699028	NOK	750	3M Nibor + 0.37 %	2013	2017	750	750	750
NO0010720204	NOK	2 500	3M Nibor + 0.24 %	2014	2020	2 497	2 497	2 497
NO0010730187	NOK	1 000	fixed NOK 1.50 %	2015	2022	1 003	985	989
Total securities issued						15 775	16 079	15 662
Accrued interest						30	33	49
Financial derivatives to hedge securities (liabilities)						4	12	6
Financial derivatives to hedge securities (assets)						-419	-505	-485
Total borrowings raised through the issue of securities						15 390	15 619	15 232

COVER POOL (MNOK)	30.09.2016	30.09.2015	31.12.2015
Pool of eligible loans 1)	17 774	16 610	16 648
Supplementary assets	20	1 478	688
Total collateralised assets	17 794	18 088	17 336
Collateralisation in %	115,5	115,8	113,8
1) NOK 231 million of total gross loans are not eligible for the cover pool as at 30.09.16.