U.S. markets open in 4 hours 6 minutes
  • S&P Futures

    3,455.25
    +6.00 (+0.17%)
     
  • Dow Futures

    28,335.00
    +67.00 (+0.24%)
     
  • Nasdaq Futures

    11,658.75
    +9.00 (+0.08%)
     
  • Russell 2000 Futures

    1,635.80
    +5.20 (+0.32%)
     
  • Crude Oil

    40.49
    -0.15 (-0.37%)
     
  • Gold

    1,912.70
    +8.10 (+0.43%)
     
  • Silver

    24.90
    +0.19 (+0.77%)
     
  • EUR/USD

    1.1851
    +0.0025 (+0.21%)
     
  • 10-Yr Bond

    0.8480
    0.0000 (0.00%)
     
  • Vix

    28.01
    -0.64 (-2.23%)
     
  • GBP/USD

    1.3093
    +0.0013 (+0.10%)
     
  • USD/JPY

    104.6110
    -0.2290 (-0.22%)
     
  • BTC-USD

    12,938.82
    -27.91 (-0.22%)
     
  • CMC Crypto 200

    261.14
    +5.04 (+1.97%)
     
  • FTSE 100

    5,847.14
    +61.49 (+1.06%)
     
  • Nikkei 225

    23,516.59
    +42.32 (+0.18%)
     

Announcement from the Danish Transport, Construction and Housing Authority

The Minister for 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 2019 until the end of the fourth quarter of 2022, the total refinancing of adjustable-rate mortgage loans subsidised by the state or by Landsbyggefonden amounts to approximately DKK 35.4 billion. Of these, loans worth approximately DKK 12.3 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 issued in the 10-year interest rate re-sets.

This means that loans worth approximately DKK 35.4 billion will be changed from a 5-year interest fixing period to a 10-year interest fixing period.

In the table below the DKK 35.4 billion is shown by quarter for refinancing.

Billion DKK

2019

Q4

8.7

2020

Q1

1.7

2020

Q2

0.2

2020

Q3

2.6

2020

Q4

7.4

2021

Q1

0.7

2021

Q2

0.1

2021

Q3

0.1

2021

Q4

5.1

2022

Q1

8.6

2022

Q2

2022

Q3

2022

Q4

0.3

I alt

35.4


The state expects to make an offer for all the issued state guaranteed bonds and the bonds issued by KommuneKredit.

Yours sincerely,

Lise Heinesen
Head of Division