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Danske Bank — Capital/Financing Update 2015
Sep 21, 2015
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Download source fileCompany announcement Group Communications
Announcement No. 40/2015 Holmens Kanal 2–12
DK-1092 København K
Tel. +45 45 14 56 95
21 September 2015
Danica issues new bond loan in the euro market
In accordance with the plan announced in company announcement No. 38 of 14
September 2015, Danica Pension, Livsforsikringsaktieselskab has entered into an
agreement to issue Solvency II compliant tier 2 capital in the form of a bond
loan in the amount of EUR 500 million (DKK 3.7 billion).
The bond loan has a maturity of 30 years. The coupon in effect until 29
September 2025 is set at 4.375 % p.a., interest payments are made annually and
the issue price is 99.666 %.
The fixed coupon will be reset on the interest payment date ten years after the
issue date. At that time, Danica Pension, Livsforsikringsaktieselskab has the
option of redeeming the bond loan at par.
The bonds will be listed on the Irish Stock Exchange.
The bond loan forms part of ongoing adjustments of the capital structure at
Danske Bank Group in order to meet future capital requirements.
Danske Bank A/S
Contact: Kenni Leth, Group Press Officer, tel. +45 45 14 56 83/+45 51 71 43 68
This is a translation of a company announcement in the Danish language. In case
of discrepancies, the Danish version prevails.