October 31, 2002
Stock Exchange announcement No. 32/2002
Danske Bank has decided to issue a bond loan of €500 million (approx. DKr3.7 billion) as supplementary capital. The loan will be issued in the European bond market and listed on the Luxembourg Stock Exchange.
The bond loan has a maturity of 10 years. The coupon prevailing until November 12, 2009 has been fixed at 5.125% p.a. with annual interest payments. The issue price has been fixed at 99.397%.
From November 12, 2009, the loan will be subject to a variable rate and the coupon will be fixed at the three-month EURIBOR plus a margin of 2.30 percentage points. At the same time the Bank may call the issue at par.
The new bond loan will fund part of the Group’s existing supplementary capital.
Stock Exchange announcement No. 32/2002
Danske Bank has decided to issue a bond loan of €500 million (approx. DKr3.7 billion) as supplementary capital. The loan will be issued in the European bond market and listed on the Luxembourg Stock Exchange.
The bond loan has a maturity of 10 years. The coupon prevailing until November 12, 2009 has been fixed at 5.125% p.a. with annual interest payments. The issue price has been fixed at 99.397%.
From November 12, 2009, the loan will be subject to a variable rate and the coupon will be fixed at the three-month EURIBOR plus a margin of 2.30 percentage points. At the same time the Bank may call the issue at par.
The new bond loan will fund part of the Group’s existing supplementary capital.