Scroll
Arbejdernes Landsbank

Prospectus published with the possibility of raising up to DKK 10bn

 

Case

Prospectus published with the possibility of raising up to DKK 10bn

Arbejdernes Landsbank has published a prospectus for the purpose of raising up to DKK 10bn in financing.

The prospectus makes it possible to issue senior non-preferred bonds through an MTN programme. The bonds are expected to be issued due to increased capital requirements (“NEP requirements”) from the public authorities, because Arbejdernes Landsbank has been appointed as a systemically important bank. The purpose of the NEP requirements is to ensure that the bank will be able to pay for its own winding up if the bank goes bankrupt.

Danske Bank has acted as both arranger and, together with Nykredit, dealer in connection with the issue of the bonds.

Accura advised Danske Bank and Nykredit in connection with the preparation and publication of the prospectus.

Photo: Arbejdernes Landsbank