Denmark - 10 years at minus 0.5%; 20 years mortgage at 0%; 30 years at 0.5%
In Denmark’s US$495 billion mortgage-backed covered bond market, another milestone was reached on Wednesday as Nordea Bank Abp said it will start offering 20-year fixed-rate loans that charge no interest.
The development follows an announcement earlier in the week by Jyske Bank A/S, which said it will start issuing 10-year mortgages at a coupon of minus 0.5 per cent. Danes can also now get 30-year mortgages at 0.5 per cent, and Nordea recently adjusted its prospectus to allow for home loans up to 30 years at negative interest rates.
https://www.bnnbloomberg.ca/20-year-mor ... -1.1298311
The development follows an announcement earlier in the week by Jyske Bank A/S, which said it will start issuing 10-year mortgages at a coupon of minus 0.5 per cent. Danes can also now get 30-year mortgages at 0.5 per cent, and Nordea recently adjusted its prospectus to allow for home loans up to 30 years at negative interest rates.
https://www.bnnbloomberg.ca/20-year-mor ... -1.1298311