Danske Bank issues new bond loan in the euro market

Company Announcement no. 24/2013

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:

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