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 fourth quarter of 2013, the total refinancing of adjustable-rate mortgage loans in social housing amounts to approximately DKK 8.8 billion.
The loans will be refinanced with mortgage bonds worth around DKK 8.8 billion issued in the 5-year maturity segment.
This means that loans worth DKK 0.1 billion will be changed from a 1-year interest fixing period to a 5-year interest fixing period and loans worth DKK 8.7 billion will be changed from a 3-year interest fixing period to a 5-year interest fixing period.
From 1 January 2014 adjustable-rate mortgage loans with a 5-year interest fixing period will be used
to finance new social housing.
Yours sincerely
Lise Nielsen
Head of Division
