Book size: 1300; Comments: OBL 2.5% 04/16/31 #193 @98.800 +69.3bps (HR 99%). Issuer LEI: 549300C6TUMDXNOVXS82;

Green Bond Danske Bank (JLM) Comment: LF Bank launched a very successful EUR 500m WNG 5-year Green Senior Preferred Notes priced at MS+57bps. LF Bank is the first Nordic bank to issue a Senior Bond under the new EU Green Bond standard and Danske Bank has acted as sole advisor to LF Bank on its EU Green Bond factsheet. Highlights: Intraday execution – with a solid market backdrop LF bank opened books early morning with IPTs of MS+85bps area Very strong response from the investors, taking the book above EUR 1.5bn within the first two hours. Further momentum ensued and as books exceeded EUR 1.75bn, it was decided to set final spread at MS + 57bps, offering 2bp concession. There was an option of pricing the bond at +55, however the issuer decided for a more conservative approach at +57 to ensure immediate performance in secondary and to be able to align their curve more tightly with peers in the long run. Although the book experienced the expected drops, most investors stayed resulting in a book that was more than 2.5 oversubscribed (EUR 1.3 billion) at final terms. The distribution was well-spread and granular across the major European jurisdictions, with strong support from high-quality real money accounts, primarily led by asset managers (49%) and Banks (28%). LF has carried out extensive investor outreach throughout the year and continue to successfully expand their investor base

Financegreen residential mortgage loans per EU Green Bond Regulation