REG - Danske Bank A/S - Credit Event Notice

LoewsAnnouncement

28/04/2020 16:55

RNS Number : 2104L
  
Danske Bank A/S
  
28 April 2020
  
 

 
CREDIT EVENT NOTICE
Danske Bank A/S note issue FI4000282223, XS1706364491, DK0030431770, DK0030440763, issued under the EUR 5,000,000,000 Structured Note Programme (the "Notes").
On 27 April 2020 the ISDA Credit Derivatives Determination Committee declared that as of 27 April 2020 a Bankruptcy Credit Event has occurred in respect of Diamond Offshore Drilling, Inc.. The Bankruptcy Credit Event has been confirmed on a Public Source (Bloomberg).
Danske Bank A/S has determined, based on the above, that a Credit Event under the Terms and Conditions of the Notes has occurred in relation to Diamond Offshore Drilling, Inc., which is a Reference Entity in the Notes.
The Credit Event will impact the Interest Amount and the Final Redemption Amount.
The Credit Event Determination Date is 27 April 2020.
Capitalised terms used in this notice have the same meaning as in the Final Terms and the Base Prospectus for the Notes.
Copenhagen, 28 April 2020.
DANSKE BANK A/S
 
 
 
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

 


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