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Issuance of capital and debt instruments

DLR issues loss-absorbing senior debt to meet the debt buffer requirement and tier 2 capital, which is included in DLR’s own funds. Both are issued under the following base prospectus:

Debt Issuance Programme, September 2024

DLR’s loss-absorbing senior debt consists of Senior Non-Preferred Notes (SNP), which is issued pursuant to new legislation on creditor hierarchy, which entered into force on 1 July 2018. The loss-absorbing senior debt can be written down or converted into share capital should DLR become distressed.

DLR’s Tier 2 capital is supplementary capital pursuant to Regulation (EU) No 575/2013 (CRR-Regulation) of the European Parliament and of the Council and is hereby included in DLR’s own funds.

DLR’s outstanding issuances of capital and debt instruments are shown in the table below. The final terms for the specific issues are shown below.

Swipe to the side on the table for more information.
ISINTypeCurrency (DKK/SEKm)Amount
(DKKm)
Issue dateMaturity dateMaturity
(years)
Benchmark rateSpread
DK0006352943SNPDKK 1.0001.00008-06-202101-07-202543M CIBOR0,67%
DK0006356266SNPDKK 70070015-06-202202-07-202643M CIBOR1,25%
DK0006356340SNPDKK 30030015-06-202202-07-20264Fixed rate2,99%
DK0006359609SNPDKK 1.0001.00020-06-202301-07-202743M CIBOR2,40%
DK0006361183SNPDKK 1.0001.00006-06-202401-07-202843M CIBOR1,90%
DK0006357900Tier 2 (10nc5)DKK 65065014-10-202214-10-2032106M CIBOR4,25%
DK0030542097Tier 2 (10,25nc5,25)SEK 1.00064020-11-202420-02-203510,253M STIBOR2,85%
DK0006360961Tier 2 (10,25nc5,25)DKK 40040020-11-202420-02-203510,253M CIBOR2,60%
Total capital and debt instruments5.690
Swipe to the side on the table for more information.
ISINRedemption on December 6thCurrency (DKKm)Amount
(DKKm)
Issue dateMaturity dateMaturity
(years)
Benchmark rateSpread
DK0030450804Tier 2 (10nc5)DKK 65065006-12-201906-12-2029106M CIBOR2,50%
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Current Base Prospectuses

Previous Base Prospectuses

Final Bond Terms, senior debt