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[null,null,"Credit Research coverage universe - Nordic"]
[null,null,"Select company name [from drop down menu below]:"]
[null,null,"A. P. Moller - Maersk"]
[null,null,"Last updated 13 May 2025"]
[]
[null,null,"Share holding 1% "]
[null,null,"On the date of this report, Danske Bank A/S , its affiliates and subsidiaries, in the aggregate, beneficially own 1% or more of a class of financial instruments issued by the issuer."]
[null,null,{"$f":"IFERROR(IF(VLOOKUP(C7,Datasheet!B9:C182, 2, FALSE) = \" \", \"n.a.\", VLOOKUP(C7,Datasheet!B9:C182, 2, FALSE)), \"n.a.\")","v":"n.a."}]
[]
[null,null,"Share holding 5% "]
[null,null,"On the date of this report, Danske Bank A/S , its affiliates and subsidiaries, in the aggregate, beneficially own 5% or more of a class of financial instruments issued by the issuer."]
[null,null,{"$f":"IFERROR(IF(VLOOKUP(C7,Datasheet!B9:D182, 3, FALSE) = \" \", \"n.a.\", VLOOKUP(C7,Datasheet!B9:D182, 3, FALSE)), \"n.a.\")","v":"n.a."}]
[]
[null,null,"Long position 0.5% "]
[null,null,"On the date of this report, Danske Bank A/S, its affiliates and subsidiaries, in the aggregate, beneficially owned a net long position exceeding 0.5% of the total issued share capital of the issuer."]
[null,null,{"$f":"IFERROR(IF(VLOOKUP(C7,Datasheet!B9:E182, 4, FALSE) = \" \", \"n.a.\", VLOOKUP(C7,Datasheet!B9:E182, 4, FALSE)), \"n.a.\")","v":"Y"}]
[]
[null,null,"Danske Bank A/S is a market maker and a liquidity provider and may hold positions in the financial instruments of the issuer(s) mentioned in this research report"]
[null,null,"As an investment bank, Danske Bank A/S, its affiliates and subsidiaries provide a variety of financial services, including investment banking services. "]
[null,null,{"$f":"\"It is possible that Danske Bank A/S and/or its affiliates and/or its subsidiaries might seek to become engaged to provide such services to \"&C7&\" in the next three months.\"","v":"It is possible that Danske Bank A/S and/or its affiliates and/or its subsidiaries might seek to become engaged to provide such services to A. P. Moller - Maersk in the next three months."}]
[null,{"$f":"IFERROR(IF(VLOOKUP(C7,Datasheet!B9:F182, 2, FALSE) = \" \", \"n.a.\", VLOOKUP(C7,#REF!, 2, FALSE)), \"n.a.\")","v":"n.a."},{"$f":"\"Danske Bank A/S has made no agreement with \" & C7 & \" to write this research report. No parts of this research report have been disclosed to \" & C7 & \". No recommendations or opinions have been disclosed to \" & C7 & \" and no amendments have accordingly been made to the same before dissemination of the research report.\"","v":"Danske Bank A/S has made no agreement with A. P. Moller - Maersk to write this research report. No parts of this research report have been disclosed to A. P. Moller - Maersk. No recommendations or opinions have been disclosed to A. P. Moller - Maersk and no amendments have accordingly been made to the same before dissemination of the research report."}]
[]
[null,null,"Manager text"]
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[]
[null,null,"Relations may conflict"]
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[null,null,"Relations conflict"]
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{"sheet":"Standard disclosure text","index":1,"n_rows":59,"n_cols":1,"rows_kept":59,"cut":false,"hidden":false,"merged":[]}
["Standard disclosure text used in credit research reports"]
["Disclosures "]
["This research report has been prepared by Credit Research, a division of Danske Bank A/S (‘Danske Bank’)."]
["Analyst certification"]
["Each research analyst responsible for the content of this research report certifies that the views expressed in the research report accurately reflect the research analyst’s personal view about the financial instruments and issuers covered by the research report. Each responsible research analyst further certifies that no part of the compensation of the research analyst was, is or will be, directly or indirectly, related to the specific recommendations expressed in the research report."]
["Regulation"]
["Danske Bank is authorised and regulated by the Danish Financial Services Authority (Finanstilsynet). Danske Bank is authorised by the Prudential Regulation Authority in the UK and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request."]
["Danske Bank’s research reports are prepared in accordance with the recommendations of Capital Market Denmark."]
["Danske Bank is not registered as a Credit Rating Agency pursuant to the CRA Regulation (Regulation (EC) no. 1060/2009), hence Danske Bank does not comply with, or seek to comply with, the requirements applicable to Credit Rating Agencies."]
["Conflicts of interest"]
["Danske Bank has established procedures to prevent conflicts of interest and to ensure the provision of high-quality research based on research objectivity and independence. These procedures are documented in Danske Bank’s research policies. Employees within Danske Bank’s Research Departments have been instructed that any request that might impair the objectivity and independence of research shall be referred to Research Management and the Compliance Department. Danske Bank’s Research Departments are physically separated from other business areas within Danske Bank and surrounded by arrangements (Chinese Walls) to restrict the flows of sensitive information."]
["Research analysts are remunerated in part based on the overall profitability of Danske Bank, which includes investment banking revenues, but do not receive bonuses or other remuneration linked to specific corporate finance or debt capital transactions."]
["Danske Bank, its affiliates, subsidiaries and staff may perform services for or solicit business from [CompanyName] and may hold long or short positions in, or otherwise be interested in, the financial instruments mentioned in this research report. The Equity and Corporate Bonds analysts of Danske Bank and persons in other departments of Danske Bank with which the relevant analysts have close links are not permitted to invest in 1) financial instruments that are covered by the relevant Equity or Corporate Bonds analyst and 2) the research sector within the geographical area (the Nordics) to which the analyst is linked."]
["Danske Bank, its affiliates and subsidiaries are engaged in commercial banking, securities underwriting, dealing, trading, brokerage, investment management, investment banking, custody and other financial services activities, may be a lender to [CompanyName] and have whatever rights as are available to a creditor under applicable law and the applicable loan and credit agreements. At any time, Danske Bank, its affiliates and subsidiaries may have credit or other information regarding [CompanyName] that is not available to or may not be used by the personnel responsible for the preparation of this report, which might affect the analysis and opinions expressed in this research report."]
["Find individual company disclosures from 'Company disclosures' tab"]
["Risk warning"]
["Major risks connected with recommendations or opinions in this research report, including a sensitivity analysis of relevant assumptions, are stated throughout the text."]
["Expected updates"]
["Post-results: This research report will be updated on a quarterly basis following the quarterly results statement from [CompanyName]."]
["Scandi Handbook and Scandi High-Yield Handbook. These research reports contain updates on selected companies and are published annually, usually in April."]
["Completion and first dissemination"]
["The completion date and time in this research report mean the date and time when the author hands over the final version of the research report to Danske Bank’s editing function for legal review and editing."]
["The date and time of first dissemination mean the date and estimated time of the first dissemination of this research report. The estimated time may deviate up to 15 minutes from the effective dissemination time due to technical limitations."]
["See the back page of this research report for the date and time of first dissemination."]
["Financial models, valuation and/or methodology used in this research report"]
["Calculations and presentations in this research report are based on standard econometric tools and methodology as well as publicly available statistics for each individual security, issuer and/or country."]
["We base our bond valuation conclusion on an estimation of a fair business and financial risk profile of the issuing entity. By combining these risk profiles with market technical and bond-specific issues such as documentation and structuring, we arrive at an overall bond risk profile. We compare the bond spread to those of peers with similar risk profiles and against this background we estimate whether the bond is attractively priced in the market. We express this view with either an Overweight, Marketweight or Underweight recommendation. This signals our opinion of the bond’s performance potential compared with relevant peers in the coming six months."]
["More information about the valuation and/or methodology and the underlying assumptions is accessible via http://www.danskebank.com/en-uk/ci/products-services/markets/research/pages/researchdisclaimer.aspx. Select Credit Research Methodology."]
["Recommendation structure"]
["Investment recommendations are based on the expected development in the credit profile as well as relative value compared with the sector and peers."]
["As at 31 December 2024, Danske Bank Credit Research had investment recommendations on 171 corporate bond issuers. The distribution of recommendations is represented in the distribution of recommendations column below. The proportion of issuers corresponding to each of the recommendation categories above to which Danske Bank provided investment banking services in the previous 12 months ending 31 December 2024 is shown below."]
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[]
[]
[]
[]
[]
["Validity time period"]
["This communication and the communications in the list referred to below are valid until the earlier of (a) dissemination of a superseding communication by the author, or (b) significant changes in circumstances following its dissemination, including events relating to the market or the issuer, which can influence the price of the issuer or financial instrument."]
["Investment recommendations disseminated in the preceding 12-month period"]
["A list of previous investment recommendations disseminated by the lead analyst(s) of this research report in the preceding 12-month period can be found at http://www.danskebank.com/en-uk/ci/products-services/markets/research/pages/researchdisclaimer.aspx. Select Credit Research recommendation history – Recommendation history."]
["Other previous investment recommendations disseminated by Danske Bank Credit Research are also available in the database."]
["General disclaimer"]
["This research has been prepared by Danske Bank A/S. It is provided for informational purposes only and should not be considered investment, legal or tax advice. It does not constitute or form part of, and shall under no circumstances be considered as, an offer to sell or a solicitation of an offer to purchase or sell any relevant financial instruments (i.e. financial instruments mentioned herein or other financial instruments of any issuer mentioned herein and/or options, warrants, rights or other interests with respect to any such financial instruments) (‘Relevant Financial Instruments’)."]
["This research report has been prepared independently and solely on the basis of publicly available information that Danske Bank A/S considers to be reliable but Danske Bank A/S has not independently verified the contents hereof. While reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or reasonableness of the information, opinions and projections contained in this research report and Danske Bank A/S, its affiliates and subsidiaries accept no liability whatsoever for any direct or consequential loss, including without limitation any loss of profits, arising from reliance on this research report."]
["The opinions expressed herein are the opinions of the research analysts and reflect their opinion as of the date hereof. These opinions are subject to change and Danske Bank A/S does not undertake to notify any recipient of this research report of any such change nor of any other changes related to the information provided in this research report."]
["This research report is not intended for, and may not be redistributed to, retail customers in the United Kingdom (see separate disclaimer below) and retail customers in the European Economic Area as defined by Directive 2014/65/EU."]
["This research report is protected by copyright and is intended solely for the designated addressee. It may not be reproduced or distributed, in whole or in part, by any recipient for any purpose without Danske Bank A/S’s prior written consent."]
["Disclaimer related to distribution in the United States"]
["This research report was created by Danske Bank A/S and is distributed in the United States by Danske Markets Inc., a U.S. registered broker-dealer and subsidiary of Danske Bank A/S, pursuant to SEC Rule 15a-6 and related interpretations issued by the U.S. Securities and Exchange Commission. The research report is intended for distribution in the United States solely to ‘U.S. institutional investors’ as defined in SEC Rule 15a-6. Danske Markets Inc. accepts responsibility for this research report in connection with distribution in the United States solely to ‘U.S. institutional investors’."]
["Danske Bank A/S is not subject to U.S. rules with regard to the preparation of research reports and the independence of research analysts. In addition, the research analysts of Danske Bank A/S who have prepared this research report are not registered or qualified as research analysts with the New York Stock Exchange or Financial Industry Regulatory Authority but satisfy the applicable requirements of a non-U.S. jurisdiction."]
["Any U.S. investor recipient of this research report who wishes to purchase or sell any Relevant Financial Instrument may do so only by contacting Danske Markets Inc. directly and should be aware that investing in non-U.S. financial instruments may entail certain risks. Financial instruments of non-U.S. issuers may not be registered with the U.S. Securities and Exchange Commission and may not be subject to the reporting and auditing standards of the U.S. Securities and Exchange Commission."]
["Disclaimer related to distribution in the United Kingdom"]
["In the United Kingdom, this document is for distribution only to (I) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the ‘Order’); (II) high net worth entities falling within article 49(2)(a) to (d) of the Order; or (III) persons who are an elective professional client or a per se professional client under Chapter 3 of the FCA Conduct of Business Sourcebook (all such persons together being referred to as ‘Relevant Persons’). In the United Kingdom, this document is directed only at Relevant Persons, and other persons should not act or rely on this document or any of its contents."]
["Disclaimer related to distribution in the European Economic Area"]
["This document is being distributed to and is directed only at persons in member states of the European Economic Area (‘EEA’) who are ‘Qualified Investors’ within the meaning of Article 2(e) of the Prospectus Regulation (Regulation (EU) 2017/1129) (‘Qualified Investors’). Any person in the EEA who receives this document will be deemed to have represented and agreed that it is a Qualified Investor. Any such recipient will also be deemed to have represented and agreed that it has not received this document on behalf of persons in the EEA other than Qualified Investors or persons in the UK and member states (where equivalent legislation exists) for whom the investor has authority to make decisions on a wholly discretionary basis. Danske Bank A/S will rely on the truth and accuracy of the foregoing representations and agreements. Any person in the EEA who is not a Qualified Investor should not act or rely on this document or any of its contents."]
[]
["Report completed: [applicable date] at [applicable time] CET"]
["Report disseminated:  [applicable date] at [applicable time] CET"]

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[" ","Name","Share holding 1% (Y/N)","Share holding 5% (Y/N)","Long position 0.5% (Y/N)","Manager text","Relations may conflict","Relations conflict"]
["C01000","A. P. Moller - Maersk"," "," ","Y","Within the previous 12 months, Danske Bank has acted as Financial Adviser to APMM in the demerger and separate listing of Svitzer Group A/S and has acted as Financial advisor (to buyer) of a public offer of M&A (acquisition of Concentric AB) for A.P. Møller Holding A/S.","A representative of A.P. Møller Holding currently serves on the Board of Directors of Danske Bank A/S and has held a position on the Board since 7 December 2018.","On the date of the latest calculation, [add date], A.P. Møller Holding owns in excess of 20% of Danske Bank shares."]
["C02069","Ahlstrom Holding 3 Oy "," "," "," "," "," "," "]
["C02071","Akelius Residential AB"," "," "," "," "," "," "]
["C70076","Aker"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Aker ASA."," "," "]
["C60170","Aktia Bank plc"," "," "," ","Within the previous 12 months, Danske Bank has acted twice as Sole Lead Manager of a public offer of credit bonds for Aktia Bank plc, as Joint Lead Manager of a public offer of covered bonds for Aktia Bank plc and as Joint Lead Manager of a public offer of credit bonds for Aktia Bank Plc."," "," "]
["C60538","Arion Bank"," "," "," "," "," "," "]
["C02073","Arla Foods"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Arla Foods AB."," "," "]
["C70750","Arwidsro Fastighets AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Arwidsro Fastighets AB and as Sole Bookrunner of a public offer of credit bonds for Arwidsro Fastighets AB."," "," "]
["C01020","Assa Abloy"," "," "," ","Within the previous 12 months, Danske Bank has as Sole Lead Manager of a public offer of credit bonds for Assa Abloy AB."," "," "]
["C01026","Atlas Copco"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Atlas Copco Finance. "," "," "]
["C02075","Avinor AS"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Avinor AS."," "," "]
["C01648","Balder"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Fastighets AB Balder, as Joint Lead Manager of a public offer of credit bonds for Fastighets AB Balder and has acted as Joint Bookrunner of a public offer of credit bonds for Fastighets AB Balder."," "," "]
["C70107","Bane NOR Eiendom"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Bane NOR Eiendom AS."," "," "]
["C01652","Boliden"," "," "," "," "," "," "]
["C01052","BW Offshore"," "," "," "," "," "," "]
["C01058","Carlsberg"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Carlsberg Breweries A/S."," "," "]
["C70801","Carucel Property"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of High Yield bonds for Carucel Property"," "," "]
["C01412","Castellum"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Castellum AB."," "," "]
["C70365","Cibus"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Cibus Nordic Real Estate AB."," "," "]
["C01064","Citycon"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Citycon Treasury B.V and  has acted as Dealer Managers for the tender offer for the outstanding notes of Citycon Treasury B.V. for Citycon Oyj."," "," "]
["C01068","Coloplast"," "," "," "," "," "," "]
["C02087","Color Group AS"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Color Group AS."," "," "]
["C60304","Crayon Group","Y"," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Crayon Group Holding ASA."," "," "]
["C02091","Danfoss A/S"," "," "," "," "," "," "]
["C01084","DFDS"," "," "," "," "," "," "]
["C60492","Diös Fastigheter"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Dios Fastigheter and  has acted as Sole Lead Manager of a public offer of credit bonds for Diös Fastigheter AB.\r\r\r\r\r\n"," "," "]
["C01086","DLR Kredit A/S"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for DLR Kredit A/S."," "," "]
["C01088","DNB"," "," "," ","Within the previous 12 months, Danske Bank has acted twice as Joint Lead Manager of a public offer of covered bonds for DNB Boligkreditt, as Joint Lead Manager of a public offer of credit bonds for DNB Boligkreditt and as Sole Lead Manager of a public offer of covered bonds for DNB Boligkreditt."," "," "]
["C01094","DSB"," "," "," "," "," "," "]
["C70752","DSV"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for DSV Finance B.V and as part of the syndicated banks financing DSV A/S acquisition of Schenker AG."," "," "]
["C01096","Electrolux"," "," "," "," "," "," "]
["C02105","Electrolux Professional AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Electrolux Professional AB."," "," "]
["C01098","Elekta"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Elekta AB."," "," "]
["C60256","Elenia Verkko"," "," "," "," "," "," "]
["C70775","Elisa"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Elisa Oyj. "," "," "]
["C70713","Ellevio"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Ellevio AB. "," "," "]
["C70651","Elopak ASA"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Elopak ASA and as Sole Lead Manager of a public offer of credit bonds for Elopak ASA."," "," "]
["C01914","Eltel AB"," "," "," "," "," "," "]
["C70117","Emilshus"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Fastighetsbolaget Emilshus AB and as Joint Lead Manager of a public offer of credit bonds for Fastighetsbolaget Emilshus AB."," "," "]
["C02185","Entra"," "," "," "," "," "," "]
["C60513","Epiroc"," "," "," "," "," "," "]
["C70562","Ericsson"," "," "," "," "," "," "]
["C05087","Essity"," "," "," "," "," "," "]
["C02109","European Energy"," "," "," "," "," "," "]
["C01106","Fastpartner"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint  Lead Manager of a public offer of High Yield bond of FastPartner AB."," "," "]
["C01112","Fingrid Oyj"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Fingrid Oyj."," "," "]
["C01120","Finnair"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Finnair Plc."," "," "]
["C70038","Fortum"," "," "," ","Danske Bank is acting as Financial Advisor to Fortum in connection with the divestment of the recycling and waste business.","Danske Bank is currently acting as advisor in connection with Fortum’s divestment of its waste & recycling business"," "]
["C01916","Genova Property Group AB"," "," "," "," "," "," "]
["C70691","Getinge"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Getinge AB."," "," "]
["C02115","GLX Holding AS"," "," "," "," "," "," "]
["C70202","Gränges"," "," "," "," "," "," "]
["C01134","Hedin Mobility Group"," "," "," "," "," "," "]
["C01136","Heimstaden AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Heimstaden Bostad AB."," "," "]
["C70779","Heimstaden Bostad AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Heimstaden Bostad AB."," "," "]
["C70310","Hennes & Mauritz"," "," "," "," "," "," "]
["C01146","Hexagon"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Hexagon AB."," "," "]
["C70709","HKFoods Oyj"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for HKFoods Oyj."," "," "]
["C01791","Husqvarna"," "," "," "," "," "," "]
["C70017","HX Group"," "," "," "," "," "," "]
["C01830","Hypo (The Mortgage Society of Finland) "," "," "," "," "," "," "]
["C01158","ICA Gruppen"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for ICA Gruppen AB, as Sole Lead Manager of a public offer of credit bonds for ICA Gruppen AB and as Joint Bookrunner of a public offer of bonds (Medium Term Notes) for ICA Gruppen AB.","Danske Bank is acting as Joint Bookrunner in connection with an upcoming offering of bonds by ICA Gruppen AB."," "]
["C01162","Infront"," "," "," "," "," "," "]
["C01164","Íslandsbanki"," "," "," ","Within the previous 12 months, Danske Bank has acted as Dealer Manager in connection with the Tender Offer for Islandsbanki HF and as Sole Lead Manager of a public offer of credit bonds for Islandsbanki HF."," "," "]
["C70316","ISS","Y"," ","Y"," "," "," "]
["C60496","Jyske Bank"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Jyske Bank."," "," "]
["C70126","Kemira"," "," "," "," "," "," "]
["C70638","Kesko"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Kesko"," "," "]
["C60534","Klaveness Combination Carriers"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager on a public offer of credit bonds for Klaveness Combination Carriers ASA."," "," "]
["C01849","Kojamo"," "," "," "," "," "," "]
["C60036","Kongsberg Automotive"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Kongsberg Automotive ASA."," "," "]
["C60252","Lamor"," "," "," "," "," "," "]
["C01180","Landsbankinn"," "," "," "," "," "," "]
["C01182","Länsförsäkringar Bank AB"," "," "," ","Within the previous 12 months, Danske Bank has acted twuice as Joint Lead Manager of a public offer of credit bonds for Länsförsäkringar Bank AB, as Sole Lead Manager of a public offer of credit bonds for Länsförsäkringar Bank AB and as  Sole Lead Manager of a public offer of covered bonds for Länsforsakringar Bank AB"," "," "]
["C60524","Lerøy Seafood"," "," "," "," "," "," "]
["C01188","Lifco"," "," "," ","Within the previous 12 months, Danske Bank has acted twice as Joint Lead Manager of a public offer of credit bonds for Lifco AB."," "," "]
["C01252","LINK Mobility"," "," "," "," "," "," "]
["C01202","Loomis"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Loomis AB."," "," "]
["C01836","Lundbeck"," "," "," "," "," "," "]
["C70012","Meko"," "," "," "," "," "," "]
["C01206","Metsä Board"," "," "," "," "," "," "]
["C01216","Metso"," "," "," "," "," "," "]
["C01220","Mölnlycke Holding AB"," "," "," "," "," "," "]
["C01224","Mowi"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Mowi ASA."," "," "]
["C01226","NCC"," "," "," "," "," "," "]
["C01228","Neste"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Neste Oyi."," "," "]
["C02131","NIBE"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Nibe Industrier."," "," "]
["C01234","NKT","Y"," ","Y"," "," "," "]
["C70392","Nokia"," "," "," "," "," "," "]
["C70120","Nokian Tyres"," "," ","Y"," "," "," "]
["C70320","Nordea"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Nordea Bank Abp, as Joint Lead Manager of a public offer of credit bonds for Nordea Bank Abp, as Sole Lead Manager of a public offer of credit bonds for Nordea Eiendomskreditt AS, and as Joint Lead Manager of a public offer of covered bonds for Nordea Eiendomskreditt AS and as Sole Lead Manager of a public offer of covered bonds for Nordea Eiendomskreditt AS."," "," "]
["C60263","Norsk Hydro"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Norsk Hydro ASA."," "," "]
["C60148","Norwegian Property ASA"," "," "," "," "," "," "]
["C60294","Novo Nordisk"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Novo Nordisk Finance."," "," "]
["C01937","NP3 Fastigheter","Y"," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for NP3 Fastigheter AB, as Sole Lead Manageer of a public offer of credit bonds for NP3 Fastigheter AB and as Advisor and Joint Bookrunners in connection with a share issue for NP3 Fastigheter AB (publ)."," "," "]
["C01815","NRC Group"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit Bonds for NRC Group ASA and as Sole Bookrunner of a public offer of credit bonds for NRC Group ASA."," "," "]
["C70628","NTI Group"," "," "," "," "," "," "]
["C60259","Nyfosa AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of High Yield bonds for Nyfosa AB."," "," "]
["C70213","Nykredit Realkredit Group"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Nykredit Realkredit A/S, as Sole Lead Manager of a public offer of covered bonds for Nykredit Realkredit A/S and as Joint Lead Manager of a public offer of covered bonds for Nykredit Realkredit A/S."," "," "]
["C60142","OBOS BBL"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of Credit bonds for OBOS BBL, as Joint Lead Manager of a public offer of covered bonds for OBOS Boligkreditt AS and as Joint Lead Manager of a public offer of credit bonds for OBOS Eiendom AS."," "," "]
["C01469","OBOS Eiendom"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of Credit bonds for OBOS BBL, as Joint Lead Manager of a public offer of covered bonds for OBOS Boligkreditt AS and as Joint Lead Manager of a public offer of credit bonds for OBOS Eiendom AS."," "," "]
["C01976","Ocean Yield"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Ocean Yield AS."," "," "]
["C70289","Odfjell Drilling"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Odfjell Technology Ltd."," "," "]
["C70790","Odfjell Technology"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Odfjell Technology Ltd."," "," "]
["C70574","Olav Thon Eiendomsselskap"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Olav Thon Eiendomsselskap ASA."," "," "]
["C01350","Oma Savings Bank","Y"," "," ","Within the previous 12 months, Danske Bank has as Sole Lead Manager of a public offer of covered bonds for Oma Savings Bank, as Sole Lead Manager of a public offer of credit bonds for Oma Savings Bank Plc and as Joint Lead Manager of a public offer of credit bonds for Oma Savings Bank Plc"," "," "]
["C60280","OP Corporate Bank plc"," "," "," "," "," "," "]
["C01851","Ørsted"," "," "," "," "," "," "]
["C01292","Pandora","Y"," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Pandora A/S."," "," "]
["C60287","Pihlajalinna"," "," "," "," "," "," "]
["C02147","PVO"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Pohjolan Voima Oyj."," "," "]
["C01573","Qflow Group AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of High Yield bonds for Qflow Group AB and has acted as Joint Bookrunner of a public offer of credit bonds for Qflow Group AB."," "," "]
["C01988","SAAB"," "," "," "," "," "," "]
["C01306","Sagax"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Sagax AB."," "," "]
["C01310","SalMar"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Salmar ASA."," "," "]
["C02015","Sandvik"," "," "," "," "," "," "]
["C60128","Sato Oyj"," "," "," "," "," "," "]
["C01318","SBAB Bank AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for SBAB Bank AB."," "," "]
["C01320","S-Bank Plc"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of covered bonds for S-Bank Plc."," "," "]
["C01326","SCA"," "," "," "," "," "," "]
["C02155","Seapeak"," "," "," "," "," "," "]
["C02157","SEB"," "," "," ","Within the previous 12 months, Danske Bank  has acted as Joint Lead Manager of a public offer of credit bonds for Skandinaviska Enskilda Banken AB."," "," "]
["C01581","Securitas"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Securitas Treasury Ireland DAC and as Sole Lead Manager of a public offer of credit bonds for Securitas AB."," "," "]
["C70071","SFL Corporation"," "," "," "," "," "," "]
["C01330","Sinch"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Sinch AB."," "," "]
["C02161","Skanska"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Skanska Financial Services AB."," "," "]
["C02163","SKF"," "," "," "," "," "," "]
["C02165","Spar Nord"," "," "," ","Within the previous 12 months, Danske Bank has acted twice as Joint Lead Manager of a public offer of credit bonds for Spar Nord A/S."," "," "]
["C02167","SpareBank 1 Nord Norge"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Sparebank 1 Nord-Norge"," "," "]
["C70255","SpareBank 1 Østlandet"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for SpareBank 1 Østlandet."," "," "]
["C70726","SpareBank 1 SMN"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Sparebank 1 SMN."," "," "]
["C02111","Sparebank 1 Sør-Norge"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Sparebank 1 Sør-Norge"," "," "]
["C01764","SSAB"," "," "," "," "," "," "]
["C01336","Statkraft AS"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Statkraft AS and as Sole Lead Manager of a public offer of credit bonds for Statkraft AS."," "," "]
["C70487","Statnett SF"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Statnett SF and as Joint Lead Manager of a public offer of Credit bonds for Statnett SF."," "," "]
["C70402","Steen & Strom AS"," "," "," "," "," "," "]
["C70770","Stena AB"," "," "," "," "," "," "]
["C01340","Stendörren Fastigheter"," "," "," "," "," "," "]
["C02175","Stenhus Fastigheter","Y"," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Stenhus Fastigheter i Norden AB."," "," "]
["C01344","Stockholm Exergi"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Stockholm Exergi Holding AB."," "," "]
["C01475","Stolt-Nielsen"," "," "," "," "," "," "]
["C01348","Stora Enso"," "," "," "," "," "," "]
["C01462","Storskogen Group"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of High Yield bonds for Storskogen Group AB and as Joint Bookrunner of a public offer of credit bonds for Storskogen Group AB."," "," "]
["C01354","SuperOffice AS"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for SuperOffice Group AS."," "," "]
["C01356","Sveafastigheter"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner in connection with the IPO of Sveafastigheter AB."," "," "]
["C01358","Svenska Handelsbanken"," "," "," "," "," "," "]
["C01360","Swedavia AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Swedavia AB."," "," "]
["C02189","Swedbank"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Swedbank AB.."," "," "]
["C70473","Swedish Orphan Biovitrum"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manger of a public offer of credit bonds for Swedish Orphan Biovitrum AB"," "," "]
["C70772","Sydbank","Y"," "," "," "," "," "]
["C01374","TDC Net"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for TDC NET A/S."," "," "]
["C70327","Tele2"," "," "," "," "," "," "]
["C70042","Telenor"," "," "," "," "," "," "]
["C70476","Telia Company"," "," "," "," "," "," "]
["C60528","TGS"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for TGS ASA."," "," "]
["C02187","Thon Holding AS"," "," "," "," "," "," "]
["C01384","Titania"," "," "," "," "," "," "]
["C01828","Topsoe"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Haldor Topsoe."," "," "]
["C02193","TORM plc"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Torm Plc."," "," "]
["C02195","Tornator Oyj"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Tornator Oyj"," "," "]
["C01390","Transcom"," "," "," "," "," "," "]
["C70363","Traton"," "," "," ","Within the previous 12 months, Danske Bank has as Joint Lead Manager of a public offer of credit bonds for Traton Finance Luxembourg SA."," "," "]
["C01394","Tresu"," "," "," "," "," "," "]
["C01400","TVO"," "," "," "," "," "," "]
["C70576","UPM-Kymmene"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for UPM-Kymmene Corporation."," "," "]
["C01406","Valmet"," "," "," "," "," "," "]
["C60540","Vasakronan AB"," "," "," ","Within the previous 12 months, Danske Bank has acted three times as Sole Lead Manager of a public offer of credit bonds for Vasakronan AB."," "," "]
["C60130","Vattenfall"," "," "," "," "," "," "]
["C70768","Vestas Wind Systems","Y"," "," "," "," "," "]
["C01204","Viaplay"," "," "," "," "," "," "]
["C01865","Viridien"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Viridien SA"," "," "]
["C70663","Volvo"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Volvo Treasury AB and as Joint Bookrunner of a public offer of credit bonds for Volvo Treasury AB."," "," "]
["C70560","VR Group"," "," "," "," "," "," "]
["C70792","Wallenius Wilhelmsen"," "," "," "," "," "," "]
["C70841","Y-Foundation"," "," "," "," "," "," "]
["C70836","YIT"," "," "," ","Within the previous 12 months, Danske Bank has acted  as Joint Bookrunner of a public offer of credit bonds for YIT Oyj and has acted as Joint Lead Manager of a public offer of credit bonds for YIT Oyj."," "," "]