Realkredit Danmark launches FlexLife® with fixed rate
27 August 2020 Realkredit Danmark launched a new product, FlexLife® fixed rate. The new product with 30 year fixed-rate is based on the principles from FlexLife® interest reset.
Bond characteristics:
| Coupon |
1%. The coupon is fixed |
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| Maturity |
1 October 2053 |
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| Opening period |
The bond has an opening period of three years similar to traditional fixed-rate bonds |
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| Callable |
The bond is callable at par every quarter similar to traditional fixed-rate bonds |
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| Amortisation |
The bond is an annuity bond with option on up to 30 years interest-only period. The bond is amortised to the same extend as the loans granted |
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| Series |
The bonds will be issued in a new series, 28S |
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| Capital centre |
The bonds will be issued from Capital centre S |
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| Terms |
Final terms to be published in week 36 |
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FlexLife® fixed rate will be offered to private, cooperative housing and rental residential customers in Realkredit Danmark.
Mortgage owners can finance a maximum LTV of 75% and agree an LTV at maturity of max 60% (subject to credit approval).
For further data on FlexLife® interest reset, please see:
link.
If you have any further questions, please contact:
Hella Gebhardt Rønnebæk,
+45 4513 2068,
hgeb@rd.dk