It is hereby announced that a conversion will be carried out of state subsidised construction loans to social housing as well as loans for renovation 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 0.5 billion will be converted. The loans have a fixed coupon rate of 1.5 per cent.
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