For the fifth consecutive year Danske Bank has been named the best issuer of bonds in Nordic currencies by the publication Euroweek.
Who is the best issuer of Nordic currency bonds? That question was posed to professionals in the bond market by the independent publication Euroweek, and for the fifth year in a row the answer was Danske Bank.
Obviously this is good news to Global Head of Debt Capital Markets, Bo Wetterstein.
“The award reaffirms our status as a top player in this market and it is proof that we are good at creating value both for the issuing company or state and the investors,” says Bo Wetterstein.
It doesn’t make too big of a dent in his satisfaction that Danske Bank this year had to share the award with SEB. “Having been no. 1 the last 4 years on our own, I am proud that we again are voted top spot by our peers as we have seen a significant increase in investments in this area by our competitors. And being joint no.1 with the leading Swedish investment bank SEB is a great achievement by Danske when considering our relative size in Sweden compared to SEB,” says Bo Wetterstein.
Raising money across Scandinavia
In total Danske Bank raised more than DKK 85 billion for Nordic Companies of which DKK 19,3 billion went to Danish companies. As a curious twist to that, none of those bond issuances in Denmark counted towards winning the prize as they were all in Euro.
“The market for bonds in Danish kroner is simply not developed yet, but that is something that we are working hard on. We have a close cooperation with Relationship Management in C&I but also with Business Banking about packaging our products in a way that make them attainable for their clients. We see a significant potential in this new market in the coming years,” says Bo Wetterstein.
Danske Bank also won recognition in the sovereign debt segment as a bond issuance for the Finnish state that the bank lead-managed in was voted the second best Euro deal of the year.