Danske Bank Prices EUR1 Billion 3.875% Bond Maturing 2017

Danske Bank A/S (DANSKE.KO) priced a EUR1 billion, five-year, senior unsecured bond, one of the banks running the deal said Tuesday.

Barclays PLC, BNP Paribas SA, Citigroup Inc., and Danske were the lead managers on the sale, which has the following terms:

 
Amount:           EUR1 billion 
Maturity:         Feb. 28, 2017 
Coupon:           3.875% 
Reoffer Price:    99.808 
Payment Date:     Feb. 28, 2012 
Spread:           230 basis points over midswaps 
Debt Ratings:     A2 (Moody's) 
                  A (Standard & Poor's) 
                  A (Fitch) 
Denominations:    EUR1,000; EUR100,000 
Listing:          Dublin 
Interest:         Annual 
 

-By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287; ben.edwards@dowjones.com