Commentary & Deal Flow

DSB, the Danish State owned public passenger trains operating company operating as an independent state-owned company, (country: Denmark) rated Aa1 (stable outlook) by Moody's, has mandated Citi, Crédit Agricole CIB, Danske Bank, Nordea and SEB as Joint Lead Managers to arrange a series of fixed income investor calls. Representatives from DSB will be available on Tuesday 14-Apr-26. A recorded investor presentation is available.

An expected €500m (will not grow), Reg S, 10-year Green Bond EUR offering will follow, subject to market conditions. The transaction will be issued out of the company's EMTN programme dated 12-Feb-26.

• Use of Proceeds: The net proceeds of the Green Bond will be used to finance or re-finance eligible Green Projects in accordance with DSB’s Green Bond Framework.
• NetRoadshow: Investors are invited to view the recorded investor presentation via the following link: https://www.netroadshow.com/nrs/home/#!/?show=455e5bd1