Danske Bank $20 billion MTN program update and $1.25 billion notes offering
The offering involved non-preferred senior fixed-rate resettable notes due 2026
Davis Polk advised the dealers in connection with the update of a $20 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 $1.25 billion of non-preferred senior fixed-rate resettable notes due 2026.
Danske Bank is a 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 partner Reuven B. Young and associates Christopher Diel and Robin Veidt. European counsel John Taylor and associate Jonathan Williamson provided U.K. corporate advice. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided U.S. tax advice. All members of the Davis Polk team are based in the London office.