Announcement from the Danish Transport, Construction and Housing Authority

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The Minister for Transport, Building, and Housing decides in detail which types of loans will be used for the refinancing of adjustable-rate mortgage loans in social housing, cf. the Act on Social Housing (almenboligloven).At the end of the fourth quarter of 2018 until the end of the third quarter of 2019, the total refinancing of adjustable-rate mortgage loans subsidised by the state or by Landsbyggefonden amounts to approximately DKK 31.9 billion. Of these, loans worth approximately DKK 3.0 billion are issued by KommuneKredit.

The loans will be refinanced with state guaranteed adjustable-rate loans and adjustable-rate loans issued by KommuneKredit. Both types of loans issed in the 10-year interest rate re-sets.

This means that loans worth approximately DKK 17.2 billion will be changed from a 1-year interest fixing period to a 10-year interest fixing period. Moreover, loans worth approximately DKK 14.7 billion will be changed from a 5-year interest fixing period to a 10-year interest fixing period.

In the table below the DKK 31.9 billion are shown by interest fixing period and quarter for refinancing.

Yours sincerely,

Lise HeinesenHead of Division

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Globe Newswire: 06:45 GMT Friday 12th October 2018

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