Kingdom of Denmark (DENK)

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Kingdom of Denmark (DENK)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	SSA	PRCD	DENK	Kingdom of Denmark	kr.7,750		1	EMEA	Sep 26, 2023

Tranche #1Kingdom of Denmark

currency

DKK

size (m)

7,750.000

maturity

Nov 15, 2033

type

Fixed

tenor

10.000

call

registration

benchmark

DGB

ranking

Sr. Unsecured

moody's

Aaa

s&p

AAA

fitch

AAA

size description

re-open/tap

ipt

ipt-pxd

guidance

DGB+0 a

spread

-1.5

coupon

2.25%

spread set

price

93.09600

yield

3.053%

book size (m)

16,700

peak book (m)

x-covered

2.15

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

16,700

peak book (m)

x-covered

2.15

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 16700; Comments: DKK7.75bn 10yr bmk snr unsec green twin bond to DGB 2.25% Nov 2033. Aaa/AAA/AAA, Cicero 2PO. Danske(B&D)/JPM/Nordea/SEB. Guidance DGB flat area (vs 11/33 conv), set DGB-1.5, launch 7.75bn. Books 16.7bn+ (incl 3.025bn JLM @reoffer, peak 18.4bn+). DGB 11/2033 (92.97% incl 1.5c fwd adj) -1.5bps. FTT 2:42pm. Distribution: Denm 57%, UK/Ire 17%, Fr/Benelux 8%, Asia/ME 5%, Ger/Aus/Switz 5%, RoNordics 7%, Can 1%. AM 48%, PF/Ins 26%, Bks 9%, Tsy 9%, CB/OI 7%, HF 2%;

Deal Comments

Green Twin Bond

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