Danske Bank issues new bond loan in the euro market

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News Desk 2018
Danske Bank issues new bond loan in the euro market
Company announcement       24 September 2013   Announcement No. 24/2013            

Danske Bank issues new bond loan in the euro market

In accordance with the plan announced on 23 September 2013, Danske Bank announces that it has entered into an agreement to issue tier 2 capital in the form of a bond loan for an amount of  EUR 1 billion (DKK 7.45 billion).

The bond loan has a maturity of 10 years. The coupon in effect until 4 October 2018 is set at 3.875% p.a., with annual interest payments and an issue price of 99.964%.

 The fixed coupon will be reset on the interest payment date five years after the issue date. At that time, Danske Bank has the option of prepaying the bond loan at par.

The bond loan will be listed on the Irish Stock Exchange.

 The bond loan forms part of Danske Bank’s ongoing adjustment of  its capital structure to future  capital requirements for European banks.

Danske Bank A/S

 Contact person: Steen Blaafalk, Group Treasurer, tel. +45 45 14 63 60

This is a translation of a company announcement in the Danish language. In case of discrepancies, the Danish version prevails.

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