Íbúðalánasjóður
The Housing Financing Fund – Interest Rate Decision
Íbúðalánasjóður 02.08.2011 11:56 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- According to paragraph 3, Article 21 of the Housing Act No. 44/1998, including later amendments and Article 14 of Regulation No. 522/2004, on HFF mortgages and bonds, the Board of the Housing Financing Fund has the authority to determine the interest rates on HFF bonds based on financing cost from regular auctions of HFF bonds on the one hand and on the weighted average financing cost of prepaid loans on the other, in addition to an interest premium. HFF's interest rate decision is based on the yield at the HFF bond auction held on July 29th in addition to the weighted financing cost of prepayments on HFF bonds. The weighted interest rate for the auction and prepaid HFF bonds is 3.51%. The interest rate premium for operations is 0.45%, the credit risk premium 0.45% and the prepayment risk premium 0.50%. As a result of the auction and the change in premium, the HFF has decided to leave interest rates on housing loans including a prepayment clause unchanged at 4.40% and 4.90% on loans excluding such a clause. This decision takes effect today, August 2nd 2011. 02.08.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Íbúðalánasjóður Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000001113 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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