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 April 2013.
Historically low rates again
The refinancing resulted once again in historically low rates for loans with refinancing in April. 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 | 0.44% | 0.78% | 1.28% | 0.51% |
| Monthly net payment, with repayments | DKK 3,228 | DKK 3,290 | DKK 3,393 | EUR 434 |
| Cash rate, interest-only | 0.44% | 0.78% | 1.29% | 0.50% |
| Monthly net payment, interest-only | DKK 658 | DKK 850 | DKK 1,146 | EUR 93 |
| Key figures for 2012 | ||||
| Cash rate, with repayments | 0.89% | 1.23% | 1.83% | 0.85% |
| Monthly net payment, with repayments | DKK 3,270 | DKK 3,340 | DKK 3,470 | EUR 440 |
| Cash rate, interest-only | 0.88% | 1.22% | 1.84% | 0.84% |
| Monthly net payment, interest-only | DKK 840 | DKK 1,030 | DKK 1,390 | 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.
