Danske Bank Prices EUR1B 2022 Covered Bond At 99.025

LONDON (Dow Jones)--Danske Bank AS (DANSKE.KO) has priced its EUR1 billion, 2022, covered bond through joint lead managers Barclays Capital, BNP Paribas SA, Danske Bank and HSBC Holdings PLC, one of the banks said Wednesday. The bond will be backed by a pool of residental mortgages. Terms are as follows: Amount: EUR1 billion Maturity: June 23, 2022 Coupon: 3.75% Reoffer Price: 99.025 Payment Date: June 23, 2010 Spread: 75 basis points over midswaps Debt Ratings: Aaa (Moody's) AAA (Standard & Poor's) AAA (Fitch) Denominations: EUR50,000; EUR1,000; Interest: Annual The bonds are being sold under the borrower's Euro medium-term-note program. -By Ainsley Thomson, Dow Jones Newswires; 44 20 7842 9318; ainsley.thomson@dowjones.com (END) Dow Jones Newswires June 16, 2010 10:13 ET (14:13 GMT)