Danske Bank Arranges 3% Bond Loan for Danish Ship Finance

COPENHAGEN, DENMARK


COPENHAGEN, Denmark, Nov. 29, 2001 (PRIMEZONE) -- Danske Bank (CSE:DDB). Stock Exchange Announcement No. 44/2001.

Danish Ship Finance has decided to issue a bond loan for DKr100m.

The bond loan is a bullet loan, which expires on November 15, 2005. The coupon on the new loan is fixed at 3.00% p.a. The loan is being arranged by Danske Bank.

Danske Bank has acquired the bonds with a view to reselling them to investors at the prevailing market price.

The bond loan, which is registered at the Danish Securities Center, will be put forward for a listing on the Copenhagen Stock Exchange commencing on December 3, 2001.

Danish Ship Finance is rated Aa3 by Moody's Investors Service.



        

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