Danske Bank A/S $10 Billion Medium-Term Notes Program Update and $1 Billion Notes Offering
Davis Polk advised the arranger and dealers in connection with the update of a $10 billion Rule 144A/Regulation S medium-term note program (the “Program”) by Danske Bank A/S (“Danske Bank”).
Following the update of the Program, Davis Polk advised the dealers in connection with Danske Bank’s offering of $1 billion aggregate principal amount of 2.750% notes due 2020 pursuant to Rule 144A and Regulation S under the Program.
Danske Bank is the leading financial services provider in Denmark and one of the largest in the Nordic region. Danske Bank offers its customers in Denmark and in its other markets a broad range of services that, depending on the market, include services in banking, mortgage finance, insurance, trading, leasing, real estate agency and investment management.
The Davis Polk U.S. corporate team included partners Jeffrey M. Oakes and Reuven B. Young and associates Michael D. Arena and Matthew W. Levy. Partner Simon Witty and European counsel John Taylor provided U.K. corporate advice. Partner John D. Paton and associate Nicholas A. Machen provided U.S. tax advice. Partner Jonathan Cooklin and associate Dominic Foulkes provided U.K. tax advice. All members of the Davis Polk team are based in the London office.