By end-2017 interest rates of loans for kr. 1,157 billion will have been reset

Securities, October 2017.
Published 28 November 2017
During 2017 interest rates of mortgage loans for kr. 1,157 billion will be reset. The loans in question are loans with reference rate for kr. 698 billion and adjustable-rate loans for kr. 460 billion.

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Ownership concentration of Danish mortgage bonds

Ownership concentration of Danish mortgage bonds

Danmarks Nationalbank's statistics on ownership concentration of Danish mortgage bonds are broken down by series with low, medium and high concentration, respectively. The below Excel file shows this breakdown for the last closed month. The ownership concentration has the following possible outcomes:

1 – Securities with low concentration. Maximum ownership share < 20 per cent.
2 – Securities with medium concentration. 20 per cent <= maximum ownership share < 50 per cent
3 – Securities with high concentration. Maximum ownership share >= 50 per cent
0 – The total amount of the security is owned by the issuer

The compilation is relevant for e.g. borrowers in mortgage series, because bond series with high concentration tend to be characterised by lock-in effects, cf. Danmarks Nationalbank, Monetary Review 4th quarter 2008. The lock-in effects in mortgage bonds may entail a higher price for bonds in periods where purchase is relevant.

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Ownership concentration (only in Danish)