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.
