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 31.12.2016	Interest	Issue	Maturity	31.12.2016	31.12.2015
NO0010499841	NOK	-	3M Nibor + 0.50 %	2009	2016	-	827
NO0010575079	NOK	1 500	3M Nibor + 0.55 %	2010	2017	1 498	1 497
NO0010588072	NOK	1 050	fixed NOK 4.75 %	2010	2025	1 251	1 272
NO0010657232	NOK	2 500	3M Nibor + 0.65 %	2012	2018	2 508	2 512
XS0828616457	SEK	700	3M Stibor + 0.70 %	2012	2017	666	736
NO0010676018	NOK	2 500	3M Nibor + 0.47 %	2013	2019	2 503	2 006
XS0968459361	EUR	25	fixed EUR 2.81 %	2013	2028	282	289
XS0984191873	EUR	30	6M Euribor + 0.20 %	2013	2020	272	288
NO0010696990	NOK	2 500	3M Nibor + 0.45 %	2013	2020	2 496	1 999
NO0010699028	NOK	750	3M Nibor + 0.37 %	2013	2017	750	750
NO0010720204	NOK	2 500	3M Nibor + 0.24 %	2014	2020	2 498	2 497
NO0010730187	NOK	1 000	fixed NOK 1.50 %	2015	2022	987	989
NO0010777584	NOK	2 500	3M Nibor + 0.58 %	2016	2021	2 498	-
Total securities issued						18 209	15 662
Accrued interest						56	49
Financial derivatives to hedge issued securities (liabilities)						4	6
Financial derivatives to hedge issued securities (assets)						-368	-485
Total borrowings raised through the issue of securities						17 901	15 232

COVER POOL (MNOK)	31.12.2016	31.12.2015
Pool of eligible loans 1)	19 430	16 648
Supplementary assets	743	688
Total collateralised assets	20 173	17 336
Collateralisation in %	112,7	113,8
1) NOK 380 million of total gross loans are not eligible for the cover pool as at 31.12.16.