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 1 January 2015.
For a personal borrower with a 30Y annuity loan of DKK 1m, interest rate reset results in the following cash rates:
ARMs funded by 1Y bonds (F1) | ARMs funded by 3Y bonds (F3) | ARMs funded by 5Y bonds (F5) | |
DKK | |||
Cash rate | 0,51% | 0,40% | 0,59% |
EUR | |||
Cash rate | 0,45% | 0,42% | 0,74% |
For detailed information on the auction results, please refer to nykredit.dk and totalkredit.dk. For information on the bond sales, please refer to nykredit.com/ir.
Enquiries may be addressed to Lars Mossing Madsen, Group Treasury,
tel +45 44 55 11 66, or Trine Ahrenkiel, Head of Corporate Communications, tel +45 44 55 14 70/+45 20 18 90 80.