Danske Bank Issues $500 Million in AT1 Bonds

Dow Jones
Feb 12, 2025
 

By Miriam Mukuru

 

Danish lender Danske Bank on Wednesday issued $500 million in 5-year Additional Tier 1 bonds.

The bonds have an initial pricing of around 7.625% and a reset date on August 19, 2030.

AT1 bonds are a risky form of debt issued by banks to meet regulatory capital requirements.

Credit research company CreditSights estimates the bonds' fair value at a yield of around 7.125%, it said in a note.

 

Write to Miriam Mukuru at miriam.mukuru@wsj.com

 
 

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February 12, 2025 08:19 ET (13:19 GMT)

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