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Bond issue from Danica in the euro market planned

Company Announcement No. 38/2015

Together with Danske Bank, Danica Pension will initiate discussions with investors with a view to issuing Solvency II compliant tier 2 capital in the form of a bond loan denominated in EUR. The issue is expected to have a benchmark size of EUR 500 million, and it will have a maturity of 30 years with optional redemption at par 10 years after issuance.

The issuer, Danica Pension, Livsforsikringsaktieselskab, has obtained an ‘A-‘ issuer rating from Standard & Poor’s.

The bond loan forms part of ongoing adjustments of the capital structure at Danske Bank Group in order to meet future capital requirements.

Danske Bank A/S

Kenni Leth, Group Press Officer, tel. +45 45 14 56 83/+45 51 71 43 68