On 11 March 2014 the Kingdom of Denmark issued a USD bond with maturity 20 March 2017. The bond was issued as a bullet loan with a coupon of 0.875 per cent. USD 1.5 billion was issued. The proceeds of the loan was 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 reserves and preserve and expand the investor base. The issue completes Kingdom of Denmark's foreign funding in bonds for the year.
Contact
For further information please contact the Danish debt management office.