The bond was issued as a bullet loan with a coupon of 0.375 per cent. USD 1.5 billion was issued. The proceeds of the loan were swapped into EUR 1.1 billion with a fixed coupon. The issuance process and the distribution of investors can be seen in the attached press release.
The central government raises foreign loans in order to maintain the foreign-exchange reserve. The issue completes Denmark's foreign funding requirement for the year.
Contact
For further information please contact the Danish debt management office.