Danske doubles back around in tier two with tighter print

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.