Danske Bank clarification

Oct 25th, 2012

Danske Bank would like to clarify two points raised in last week’s In Conversation.

  • Less than Eu2bn of issuance off Danske Bank’s Global Covered Bond Programme matures in 2013. Any remaining covered bond redemptions in the group in 2013 are from Realkredit Danmark, its specialised mortgage credit institution, and are part of its yearly refinancing of mainly one year callable Danish krone denominated bonds.
  • Danske Bank’s international cover pool (Cover Pool “I”) — which is by far the largest of its cover pools — has since its inception in 2007 contained only residential assets. It is currently split between 54.6% Swedish and 45.4% Norwegian assets. Of Danske’s cover pools, only Cover Pool “C” includes commercial assets, and it does so alongside residential assets.
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