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Danske Starts Investor Talks Amid $12 Billion Debt Issuance Plan

  • Roadshow starts as Estonian laundering scandal hangs over bank
  • Danske expects bond demand to be there, but at a higher cost
Danske CEO To Step Down As Estonian Flows Seen At $234 Billion
Photographer: Freya Ingrid Morales/Bloomberg

The bank at the center of Europe’s biggest money laundering scandal will test the market’s interest in its debt this week.

On Monday, Danske Bank A/S will start talking to investors in the U.S. and Europe about selling them non-preferred senior notes. Danske plans to issue as much as 40 billion kroner ($6.1 billion) in the securities in 2019. It’s a major chunk of the bank’s total funding plan of up to roughly $12 billion for the year, Christoffer Mollenbach, head of treasury, said in an interview.