BNPP and Danske complete Danish banks’ return to Valhalla

BNP Paribas and Danske Bank have closed the books on a Eu348m three year floating rate club deal for Danish banks through issuing vehicle Valhalla II.

  • 23 Jun 2010

The final coupon on the deal is 39bp over three month Euribor, within the guidance of 35bp to 40bp over.

German and Danish investors bought around 44% each, with the remainder going to buyers in Austria, Ireland, the Netherlands and Switzerland.

Moody’s and Standard & Poor’s rated the deal triple-A.

The ...

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