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Announcement from the Danish Transport, Construction and Housing Authority (correction to English version)

Correction to announcement published earlier today:

It is hereby announced that a conversion will be carried out of state subsidised construction loans to social housing as well as renovation loans subsidised by Landsbyggefonden.

The conversion will include fixed-rate mortgage loans and will be executed by injunction to the affected social housing organisations.

A total volume of approximately DKK 0.6 billion will be converted. The loans have the following fixed coupon rates:

Fixed coupon rate

Billion DKK

1%

0.1

1.5%

0.4

2%

0.1

Total

0.6


Following the conversion, the mortgage loans will be rescheduled as state guaranteed adjustable-rate loans in 10-year interest rate resets. No changes in the terms of maturity are expected.

Yours sincerely

Lise Heinesen
Head of Division