Danske doubles back around in tier two with tighter print

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By Tyler Davies
05 Nov 2019

Danske Bank has made its second visit of the year to the euro tier two market, paying a much tighter spread for a deal that was otherwise identical to its earlier transaction. The Danish issuer has been subject to higher capital requirements in 2019, amid the fallout from a series of high profile money laundering investigations.

Danske Bank opened books on its 10.25 year non-call 5.25 tier two in the euro market through Citi, Crédit Agricole, Credit Suisse, Danske Bank and Société Générale.

The leads started the pricing in the 190bp over mid-swaps area, before guiding investors towards ...

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