Correction to announcement published earlier today:
It is hereby announced that a conversion will be carried out of state subsidised construction loans to social housing as well as renovation loans subsidised by Landsbyggefonden.
The conversion will include fixed-rate mortgage loans and will be executed by injunction to the affected social housing organisations.
A total volume of approximately DKK 0.6 billion will be converted. The loans have the following fixed coupon rates:
| Fixed coupon rate | Billion DKK | |
| 1% | 0.1 | |
| 1.5% | 0.4 | |
| 2% | 0.1 | |
| Total | 0.6 | |
Following the conversion, the mortgage loans will be rescheduled as state guaranteed adjustable-rate loans in 10-year interest rate resets. No changes in the terms of maturity are expected.
Yours sincerely
Lise Heinesen
Head of Division