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Danske Bank issues new supplementary capital in euros  

June 4, 2003

Stock Exchange Announcement No. 14/2003

Danske Bank has decided to issue a bond loan of € 500 million (approx. DKr 3.7 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 13 years. The coupon prevailing until June 20, 2013, has been fixed at 4.25% p.a. with annual interest payments. The issue price has been fixed at 99.322%.

From June 20, 2013, the bonds will be subject to a variable rate and the coupon will be fixed at the three-month EURIBOR plus a margin of 2.05 percentage points. At the same time the Bank may call the issue at par.

The bonds are issued as part of the ongoing refinancing of the Bank's supplementary capital.