Danske Bank Bonds Remain Attractive After $4.4 Million Fine -- Market Talk
Dow Jones
Jan 23, 2025
1617 GMT - Credit research firm CreditSights maintains a positive recommendation on Danske Bank bonds after a $4.4 million fine on the bank by Norwegian financial regulator for market manipulation. The bank violated the rules on prevention of market manipulation related to a bond issue in 2023, it said in a press release. "We conclude that the bank's response to the various parties involved has been both appropriate and necessary," CreditSights' Jennifer Ray says in a note. CreditSights expects Danske Bank's preferred senior bonds and non-preferred senior debt to outperform the market. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 11:17 ET (16:17 GMT)
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