The Nykredit Group has conducted bond sales in connection with the refinancing of ARMs based on the "refinancing price" principle. The interest rates will be reset on 2 January 2013.
Historically low rates
The refinancing resulted in historically low rates. For a personal borrower with a 30Y annuity loan of DKK 1m (31.7% tax allowance), interest rate reset results in the following cash rates and monthly net payments:
|
ARMs funded by 1Y bonds (F1) DKK |
ARMs funded by 3Y bonds (F3) DKK |
ARMs funded by 5Y bonds (F5) DKK |
ARMs funded by 1Y bonds (F1) EUR |
|
| Key figures for 2013 | ||||
| Cash rate, with repayments | 0.36% | 0.70% | 1.20% | 0.38% |
| Monthly net payment, with repayments | DKK 3,175 | DKK 3,236 | DKK 3,336 | EUR 426 |
| Cash rate, interest-only | 0.35% | 0.69% | 1.19% | 0.38% |
| Monthly net payment, interest-only | DKK 542 | DKK 736 | DKK 1,019 | EUR 75 |
| Key figures for 2012 | ||||
| Cash rate, with repayments | 1.12% | 1.52% | 2.02% | 1.02% |
| Monthly net payment, with repayments | DKK 3,260 | DKK 3,340 | DKK 3,460 | EUR 440 |
| Cash rate, interest-only | 1.11% | 1.51% | 2.02% | 1.01% |
| Monthly net payment, interest-only | DKK 910 | DKK 1,140 | DKK 1,430 | EUR 110 |
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.
