New Issue: Danske Bank sells $1.25 billion 1.226% four-year notes at Treasuries plus 100 bps

By Cristal Cody

Tupelo, Miss., June 16 – Danske Bank A/S priced $1.25 billion of 1.226% four-year notes (A3/A+) on Tuesday at a spread of Treasuries plus 100 basis points, according to a market source.

Initial price talk was in the Treasuries plus 125 bps area.

BofA Securities, Inc., BNP Paribas Securities Corp., Danske Markets Inc., J.P. Morgan Securities, LLC and RBC Capital Markets, LLC were the bookrunners.

Danske Bank is a Copenhagen, Denmark-based bank.

Issuer:	Danske Bank A/S
Amount:	$1.25 billion
Description:	Notes
Maturity:	June 22, 2024
Bookrunners:	BofA Securities, Inc., BNP Paribas Securities Corp., Danske Markets Inc., J.P. Morgan Securities, LLC and RBC Capital Markets, LLC
Coupon:	1.226%
Spread:	Treasuries plus 100 bps
Trade date:	June 16
Ratings:	Moody’s: A3
	S&P: A+
Price guidance:	Treasuries plus 125 bps area

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