Davis Polk advised the arranger and dealer in connection with the update of a $15 billion Rule 144A/Regulation S medium-term note program by Danske Bank A/S.

Following the update of the program, Davis Polk advised the dealers in connection with the offering by Danske Bank of (i) $850 million aggregate principal amount of 3.875% notes due 2023 (ii) $500 million aggregate principal amount of 4.375% notes due 2028 and (iii) $400 million aggregate principal amount of floating-rate notes due 2023 under the program.

Danske Bank is a 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 partner Reuven B. Young and associate Andrew Rowe. European counsel John Taylor and associate James Harmer provided U.K. corporate advice. Counsel Alon Gurfinkel and associate Omer Harel provided U.S. tax advice. All members of the Davis Polk team are based in the London office.

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