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DNB Bank issues €600M in bonds

Norwegian lender DNB Bank ASA issued €600 million in international bonds, Cbonds reported March 14.

The notes will mature March 20, 2028. They carry a fixed coupon of 1.125% through 2023, after which they will reset to a coupon equivalent to the five-year euro midswap rate plus 0.77 percentage point, according to Investopoli.

Barclays, BNP Paribas, DNB ASA and Goldman Sachs served as book runners on the deal.

DNB Bank is a unit of DNB ASA.