Denmark scores with foreign currency comeback

Denmark_22Apr20_AdobeStock_575x375
By Lewis McLellan
20 Oct 2020

The Kingdom of Denmark made a rare appearance in dollars on Tuesday, printing $2bn in its first outing outside its domestic market in six years. Its success in the currency has emboldened the World Bank to follow suit.

Thanks to the pandemic, Denmark is dealing with inflated funding needs, targeting Dkr125bn ($19.9bn) this year, compared to Dkr75bn last year.

In the past, Denmark has made use of EMTNs in core currencies merely to shore up the FX reserves of the central bank. However, the increase in ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial