December 17, 2007
Company Announcement No 24/2007
In a Company Announcement dated 6 December 2007 Danske Bank announced that it had finalised a global covered bond programme.
Danske Bank has now executed the first issue of covered bonds under this programme.
The issue, which amounts to DKK 7 billion, starts on 18 December 2007 and matures on 1 January 2012. Interest is fixed at 2-week CIBOR for the period from 18 December 2007 to 1 January 2008 and subsequently at 3-month CIBOR. The issue price has been fixed at 99.889 % and the bonds will be backed by Cover Pool D.
The bonds will be registered with the Danish VP Securities Services and listed on the OMX Nordic Exchange Copenhagen.
The issue is based on reverse inquiry for Covered Bonds from domestic investors. The Bank expects the next issue to be denominated in EUR.
Contact: Cato Baldvinsson, Senior Vice President, tel. +45 45 12 84 10