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 October 2016.
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 Oct) DKK |
ARMs funded by 3Y bonds (F3 Oct) DKK |
ARMs funded by 5Y bonds (F5 July) DKK |
|
| Cash rate | -0.05% | -0.01% | 0.19% |
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 Corporate Communications, tel +45 44 55 14 50.
