Results of refinancing based on the 10-day average price principle
9/7/2012 6:05 AM EST
Totalkredit A/S
Company Announcement
Results of refinancing based on the 10-day average price principle
The Nykredit group has conducted bond sales in connection with the refinancing
of ARMs based on the 10-day average price principle. The interest rates will be
reset on 1 October 2012.
Historically low rates
The refinancing resulted in historically low rates. For a retail borrower with
a 30Y annuity loan of DKK 1m (32.7% tax allowance), interest rate reset results
in the following cash rates and monthly net payments:
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ARMs funded by 1Y ARMs funded by 3Y ARMs funded by 5Y
bonds (F1) bonds (F3) bonds (F5)
DKK DKK DKK
Key figures for 2012
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-
Cash rate, with 0.38% 0.68% 1.22%
repayments
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Monthly net payment, DKK 3,180 DKK 3,230 DKK 3,340
with repayments
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Cash rate, 0.38% 0.68% 1.23%
interest-only
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Monthly net payment, DKK 550 DKK 730 DKK 1,040
interest-only
Key figures for 2011
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-
Cash rate, with 1.22% 1.7% 2.19%
repayments
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Monthly net payment, DKK 3,270 DKK 3,370 DKK 3,480
with repayments
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Cash rate, 1.21% 1.69% 2.19%
interest-only
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Monthly net payment, DKK 950 DKK 1,220 DKK 1,500
interest-only
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For detailed information on the bond sales, please refer to nykredit.com/ir.
Enquiries may be addressed to Lars Mossing Madsen, First Vice President, Group
Treasury, tel +45 44 55 11 66, or Nels Petersen, Head of Corporate
Communications, tel +45 44 55 14 70/+45 20 22 22 72.