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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 2023

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.
Issue dateMaturity dateMaturity
Benchmark rateSpread
DK0006352273SNP1.00003-11-202001-07-20243M CIBOR0,85%
DK0006352943SNP1.00008-06-202101-07-202543M CIBOR0,67%
DK0006356266SNP70015-06-202202-07-202643M CIBOR1,25%
DK0006356340SNP30015-06-202202-07-20264Fixed rate2,99%
DK0006359609SNP1.00020-06-202301-07-202743M CIBOR2,40%
DK0030450804Tier 265006-12-201906-12-2029
(first call-option 06-12-2024)
106M CIBOR2,50%
DK0006357900Tier 265014-10-202214-10-2032
(first call-option 14-10-2027)
103M CIBOR4,25%
Total capital and debt instruments5.300

Current Base Prospectuses

Previous Base Prospectuses

Final Bond Terms, senior debt