Danske lines up debut non-preferred senior bond

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Danske lines up debut non-preferred senior bond

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A sign that reads 'Danske Bank' (Danish Bank) seen on a bank building in Aarhus, Denmark, 23 November 2016. Photo: Carsten Rehder/dpa | Carsten Rehder/DPA/PA Images

Danske Bank has announced a mandate for a senior bond that will become non-preferred once Danish legislation comes into force. Nordea is also expecting to issue ahead of national law, but its debt would classify as non-preferred straight away.

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