Announcement from the Ministry of Housing, Urban and Rural Affairs

1/23/2013 6:15 AM EST

By- og Boligministeriet
Company Announcement

Announcement from the Ministry of Housing, Urban and Rural Affairs


Refinancing of adjustable-rate mortgage loans in social housing

The Ministry of Housing, Urban and Rural Affairs 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 first quarter of 2013, the total refinancing of
adjustable-rate mortgage loans in social 

housing amounts to approximately DKK 8.3 billion.

Loans worth approximately DKK 0.5 billion will be changed to fixed-rate
mortgage loans with unchanged 

maturity.

The remaining loans will be refinanced with mortgage bonds worth around DKK 7.8
billion issued in 

the 5-year maturity segment. This means that loans worth DKK 7.8 billion will
be changed from a 1- 

year interest fixing period to a 5-year interest fixing period.



Yours sincerely

Lise Nielsen

Head of Division