Danmarks Skibskredit sets sail with first euro covered bond

By Bill Thornhill
20 Mar 2019

Danmarks Skibskredit has mandated leads for a 3.5 year single A rated Danish covered bond secured on shipping loans.

Danmarks Skibskredit, which is rated BBB+ with Standard and Poor’s, has mandated ABN Amro, Danske Bank, LBBW and UniCredit for its debut euro deal, which will take the form of a €500m no-grow 3.5 year covered bond. The deal itself will be rated Single A by S&P.

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