Danske Bank clarification
Oct 25th, 2012Danske Bank would like to clarify two points raised in last week’s In Conversation.
Danske Bank would like to clarify two points raised in last week’s In Conversation.
Danish banks drew down some Dkr34bn (Eu4.96bn) of three year loans in a second LTRO held by the country’s central bank on Friday, a take-up that analysts considered limited and as likely to have little market impact.
The Covered Bond Report’s Sue Rust spoke with Peter Holm, senior vice president, head of group funding, treasury, at Danske Bank about its recent Tier 2 issue, last week’s Sampo covered bond and more.
Nordic banks’ strong credit stories have been a key factor in enabling their position alongside Dutch banks at the head of a wave of lower Tier 2 issues hitting the market since last week, Fitch said on Tuesday.
Skandinaviska Enskilda Banken raised Eu750m of tier two capital yesterday (Wednesday) amid a flurry of subordinated debt that also saw Danske Bank mandate for a US dollar issue.
Danske Bank is cutting the number of ratings of its covered bonds to two to save resources, it said last Thursday (30 August), with Moody’s being dropped from a line-up that will henceforth consist of Fitch and Standard & Poor’s.