Danske Bank A/S · OMXCOP:DANSKE
Danske Bank A/S — Debt Investor Presentation (February 2009)
6 slides from Danske Bank A/S's debt investor presentation, Feb 6, 2009
Slide 1: Danish government launches Credit Package for Danish financial industry
Danish government launches Credit Package for Danish financial industry February 6, 2009
Slide 2: Executive summary
Executive summary DKK 100bn available for the financial sector in Denmark to recapitalise through hybrid capital Increase Tier 1 to at least 12% Increase regulatory maximum level of hybrid capital from 15% to 50% of core capital State guaranteed funding for senior debt issuance with maturity
Slide 3: Re-capitalisation instruments I
Re-capitalisation instruments I A. Instrument Hybrid, non innovative perpetual (i.e. no step-up) Redemption After 3 years at 100 After 5 years at 105 After 6 years at 110 B. Participants must have at least 12% tier 1 after recapitalisation If tier 1 before recap is < 9%, then up to a tot
Slide 4: Re-capitalisation instruments II
Re-capitalisation instruments II D. Amount in total of DKK 100bn 75bn for banks 25bn for mortgage finance institutions E. May convert into equity If individual solvency requirement by Danish FSA is not met AND instrument is above 35% of tier 1 F. Other conditions Dividends suspended for acco
Slide 5: Funding with state guarantee
Funding with state guarantee Existing stability package continues (expires September 30, 2010) New specific state guarantee on new issued senior debt Maturity December 31, 2013 Payment for guarantee CDS spread (5 years average) +50bp, max 90bp p.a., however no payment for the period up until S
Slide 6: Timeline
Timeline 18/1 5/2 February 4/3 30/6 Announcement Announcement Approval by Danske Bank Deadline for of political of Danske Banks parliament AGM application for agreement on financial results recap credit package for 2008 6
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