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 ...

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