Auction results - government bonds

Bond auction results will be published following the completion of each auction.

Date	Value date	ISIN	Security	Bid, DKK million	Sale, DKK million	Cut-off price	Pro rata	Yield, per cent
21-10-2026	23-10-2026	DK0009924961	DGB 2.25'2035	3,490	2,000	92.54	100	3.21
21-10-2026	23-10-2026	DK0009924029	DGB 0.25'2052	3,480	2,160	46.30	100	3.38
07-10-2026	09-10-2026	DK0009925265	DGB 2.00'2028	5,870	1,000	98.33	100	2.83
07-10-2026	09-10-2026	DK0009924961	DGB 2.25'2035	5,600	2,600	91.92	100	3.29
16-09-2026	18-09-2026	DK0009925265	DGB 2.00'2028	4,700	2,200	97.875	100	3.03
16-09-2026	18-09-2026	DK0009925182	DGB 2.25'2035G	3,950	1,450	91.37	100	3.36
02-09-2026	04-09-2026	DK0009924961	DGB 2.25'2035	3,450	2,200	92.56	100	3.20
02-09-2026	04-09-2026	DK0009924029	DGB 0.25'2052	3,900	1,995	44.81	16.6	3.50
19-08-2026	21-08-2026	DK0009925265	DGB 2.00'2028	3,150	1,300	98.730	100	2.59
19-08-2026	21-08-2026	DK0009924961	DGB 2.25'2035	2,900	1,300	93.54	100	3.06
05-08-2026	07-08-2026	DK0009925265	DGB 2.00'2028	3,260	1,510	99.020	100	2.45
05-08-2026	07-08-2026	DK0009924961	DGB 2.25'2035	4,420	1,500	94.62	100	2.92
08-07-2026	10-07-2026	DK0009925265	DGB 2.00'2028	2,530	1,680	99.065	100	2.41
08-07-2026	10-07-2026	DK0009924961	DGB 2.25'2035	1,825	1,425	94.68	100	2.91
17-06-2026	19-06-2026	DK0009925265	DGB 2.00'2028	860	760	99.300	100	2.30
17-06-2026	19-06-2026	DK0009924961	DGB 2.25'2035	2,000	1,450	95.60	100	2.79
03-06-2026	08-06-2026	DK0009925182	DGB 2.25'2035G	3,700	2,250	95.26	100	2.83
03-06-2026	08-06-2026	DK0009924029	DGB 0.25'2052	1,345	1,195	48.50	100	3.15
20-05-2026	22-05-2026	DK0009925265	DGB 2.00'2028	1,460	1,460	98.920	100	2.45
20-05-2026	22-05-2026	DK0009924961	DGB 2.25'2035	1,800	1,100	93.97	100	2.99
06-05-2026	08-05-2026	DK0009925265	DGB 2.00'2028	6,260	2,050	99.085	100	2.38
06-05-2026	08-05-2026	DK0009924961	DGB 2.25'2035	1,875	1,475	94.86	100	2.87
22-04-2026	24-04-2026	DK0009925182	DGB 2.25'2035G	1,675	1,075	94.89	100	2.87
22-04-2026	24-04-2026	DK0009924029	DGB 0.25'2052	3,710	1,500	47.03	33.3	3.26
08-04-2026	10-04-2026	DK0009925265	DGB 2.00'2028	2,450	1,550	99.380	100	2.25
08-04-2026	10-04-2026	DK0009924961	DGB 2.25'2035	1,700	1,050	95.56	100	2.78
18-03-2026	20-03-2026	DK0009925265	DGB 2.00'2028	5,350	1,950	99.595	100	2.16
18-03-2026	20-03-2026	DK0009924458	DGBi 0.10'2034	1,700	1,400	93.00	100	0.95
04-03-2026	06-03-2026	DK0009925265	DGB 2.00'2028	7,240	3,190	100.02	20	1.99
04-03-2026	06-03-2026	DK0009924961	DGB 2.25'2035	1,850	900	96.57	100	2,66
18-02-2026	20-02-2026	DK0009925265	DGB 2.00'2028	1,575	1,175	100.31	100	1.88
18-02-2026	20-02-2026	DK0009924961	DGB 2.25'2035	1,225	1,225	96.97	100	2.61
04-02-2026	06-02-2026	DK0009925265	DGB 2.00'2028	2,475	1,625	100.170	100	1.94
04-02-2026	06-02-2026	DK0009924961	DGB 2.25'2035	1,725	1,125	96.09	100	2.71
21-01-2026	23-01-2026	DK0009925265	DGB 2.00'2028	16,095	5,990	100.070	45.1	1.97
07-01-2026	09-01-2026	DK0009923567	DGB 0.50'2027	120	120	97.645	100	1.81
07-01-2026	09-01-2026	DK0009924961	DGB 2.25'2035	660	360	96.01	100	2.72
Note: bid and sale are at nominal values. For DGBi bonds the real yield is shown.

See historical government bond auction results.

General information about government bond auctions

The central government's auctions are conducted through the MTS Denmark auction system with the primary dealers as counterparties. Investors can place bids at the auctions through primary dealers. The auction procedure can be summarised in four steps:

1. Announcement of auction calendar

An auction calendar with preliminary auction dates for the next three months is published regularly. Auctions are announced via DN News and published in the auction calendar. The auctions depend on stable market conditions.

2. Choice of government securities for auction

The government bond(s) to be auctioned will be announced no later than three trading days prior to the auction. The choice of bond(s) for auction will be based on the issuance strategy. Investor demand for the various maturity segments is also taken into account. For current information on investor demand for the various maturity segments, the central government's primary dealers are consulted.

3. Pricing, bids and allotment

The auction principle is uniform pricing. This means that bids at the cut-off price or above are met at the cut-off price. Securities can be allotted pro rata to bids at the cut-off price, entailing that all investors with bids at the cut-off price are allotted the same share of their bids. It should be noted that an auction can be completed without allotment. Each primary dealer may place an arbitrary number of bids. The deadline for submitting bids on the auction day is typically 10:15 a.m. A cut-off price is then fixed and announced within 10 minutes.

4. Announcement of auction results

When the auction has been completed, the auction results are announced via DN News and published under auction results.