Danske lands flat to fair value with post-results T2

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By Frank Jackman
08 Feb 2021

Danske Bank slipped in ahead of a post-earnings supply rush on Monday to issue a new tier two note at flat to fair value. According to one banker, the deal showed that investors were still willing to take on risk even as spreads near record lows.

“Danske wanted to beat any rush of post-reporting supply,” said a banker at one of the leads. “If there is indeed a pipeline of business to come, we felt it was a good idea to get in ahead of it.”

The Danish firm (A3/A/A) set out to sell ...

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