Funding programmesFunding programmes

Last updated on 24 July 2012 To ensure flexible, efficient access to the markets, the Danske Bank Group has established a number of funding programmes that lay the foundation for its bond issues. The chart below shows the most important programmes.

Programme Limit Ratings
Moody's S&P Fitch
US commercial paper USD 1 bn P-2 A-1 F1
European commercial paper EUR 13 bn P-2 A-1 F1
French commercial paper EUR 10 bn P-2 A-1 F1
UK certificate of deposit USD 15 bn P-2 A-1 F1
European Medium Term Note EUR 60 bn Baa1 A A
US MTN (144A) USD 10 bn Baa1 A A

Global covered bond programme
(Cover Pool D, I & C)

EUR 30 bn Not rated AAA AAA

Most of the certificate of deposit and commercial paper programmes have short maturities, while the Medium Term Note programmes are used mainly for longer maturities.

The funding programmes ensure that the Group has sufficient flexibility when choosing the following:

  • maturity
  • currency
  • interest rate (fixed/floating)
  • geographic market (Europe/USA/Asia)

The programmes make it possible for the Group to adjust its issues to the prevailing market conditions and to investors' desires.

Last updated on 21 May 2014

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Debt issues
Danske Bank finances its activities partly by issuing bonds with medium and long maturities.
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Financial reports
See our latest financial report and related publications as well as previous reports going back to 1998.

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Danske Bank's ratings
The Bank is rated by the three major international credit rating agencies: Moody's, Standard & Poor's and Fitch.
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Dealers on the EMTN programme
Dealers EMTN program
See contact information on the dealers on Danske Bank's EMTN program.

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