Danske Bank Sets Final Price Guidance On EUR1 Billion 2017 Bond

Danske Bank A/S (DANSKE.KO) will price its EUR1 billion, five-year, senior, unsecured bond at 230 basis points over midswaps, one of the banks running the transaction said Tuesday.

This is at the tight end of initial guidance in the area of 235 basis points over midswaps.

Order books were over EUR1.6 billion, indicating good demand from investors.

Barclays PLC, BNP Paribas S.A., Citigroup Inc., and Danske are the lead managers on the deal which is expected to price later Tuesday.

The issuer is rated A2 by Moody's Investors Services, A by Standard and Poor's Corp., and A by Fitch Ratings.

-By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; art.patnaude@dowjones.com