The Minister for Housing 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 2019 until the end of the fourth quarter of 2022, the total refinancing of adjustable-rate mortgage loans subsidised by the state or by Landsbyggefonden amounts to approximately DKK 35.4 billion. Of these, loans worth approximately DKK 12.3 billion are issued by KommuneKredit.
The loans will be refinanced with state guaranteed adjustable-rate loans and adjustable-rate loans issued by KommuneKredit. Both types of loans issued in the 10-year interest rate re-sets.
This means that loans worth approximately DKK 35.4 billion will be changed from a 5-year interest fixing period to a 10-year interest fixing period.
In the table below the DKK 35.4 billion is shown by quarter for refinancing.
| Billion DKK | ||
| 2019 | Q4 | 8.7 |
| 2020 | Q1 | 1.7 |
| 2020 | Q2 | 0.2 |
| 2020 | Q3 | 2.6 |
| 2020 | Q4 | 7.4 |
| 2021 | Q1 | 0.7 |
| 2021 | Q2 | 0.1 |
| 2021 | Q3 | 0.1 |
| 2021 | Q4 | 5.1 |
| 2022 | Q1 | 8.6 |
| 2022 | Q2 | |
| 2022 | Q3 | |
| 2022 | Q4 | 0.3 |
| I alt | 35.4 | |
The state expects to make an offer for all the issued state guaranteed bonds and the bonds issued by KommuneKredit.
Yours sincerely,
Lise Heinesen
Head of Division