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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 8 July 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."}]
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[]
[null,null,"Manager text"]
[null,null,{"$f":"IF(ISBLANK($C$7),\"\",IFERROR(IF(VLOOKUP($C$7,Datasheet!B9:F255,5,FALSE)=\" \",\"n.a\",VLOOKUP($C$7,Datasheet!B9:F255,5,FALSE)),\"n.a\"))","v":"Within the previous 12 months, Danske Bank 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, has acted as Financial Advisor to APMH in connection with the offering purchase of all shares (Public to Private) in Svitzer Group and has acted as Financial Adviser to APMM in the demerger and separate listing of Svitzer Group A/S."}]
[]
[null,null,"Relations may conflict"]
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[]
[null,null,"Relations conflict"]
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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 advisor (to buyer) of a public offer of M&A (acquisition of Concentric AB) for A.P. Møller Holding A/S, has acted as Financial Advisor to APMH in connection with the offering purchase of all shares (Public to Private) in Svitzer Group and has acted as Financial Adviser to APMM in the demerger and separate listing of Svitzer Group A/S."," ","A representative of A.P. Møller Holding currently serves as the Vice Chairman of the Board of Directors of Danske Bank A/S, having been elected by the Annual General Meeting in 2024. 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 and as Joint Lead Bookrunner of a public offer of senior unsecured green bond for Aker Horizons ASA."," "," "]
["C60170","Aktia Bank plc"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Aktia Bank plc  and as Joint Lead Manager of a public offer of credit bonds for Aktia Bank Plc."," "," "]
["C60538","Arion Bank"," "," "," "," "," "," "]
["C70055","Arjo"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Arjo AB."," "," "]
["C02073","Arla Foods"," "," "," "," "," "," "]
["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"," "," "," "," "," "," "]
["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 Bookrunner in connection with the Directed Share Issue 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,  as Dealer Managers for the tender offer for the outstanding notes of Citycon Treasury B.V. for Citycon Oyj and  as Joint Lead Manager of a public offer of credit bonds for Citycon Treasury B.V."," "," "]
["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"," "," "," "," "," "]
["C02091","Danfoss A/S"," "," "," "," "," "," "]
["C01084","DFDS"," "," "," "," "," "," "]
["C70560","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\r\r\r\r\r\r\r\r\r\r\r\n"," "," "]
["C60492","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."," "," "]
["C01086","DNB"," "," "," ","Within the previous 12 months, Danske Bank has acted 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."," "," "]
["C70768","DSB"," "," "," "," "," "," "]
["C01088","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."," "," "]
["C01094","Electrolux"," "," "," "," "," "," "]
["C70752","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."," "," "]
["C01096","Elekta"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Elekta AB."," "," "]
["C02105","Elenia Verkko"," "," "," "," "," "," "]
["C01098","Elisa"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Elisa Oyj. "," "," "]
["C60256","Ellevio"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Ellevio AB. "," "," "]
["C70775","Elopak ASA"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Elopak ASA."," "," "]
["C70713","Eltel AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of High Yield bond for Eltel AB"," "," "]
["C70651","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."," "," "]
["C01914","Entra"," "," "," "," "," "," "]
["C70117","Epiroc"," "," "," "," "," "," "]
["C02185","Ericsson"," "," "," "," "," "," "]
["C60513","Essity"," "," "," "," "," "," "]
["C70562","European Energy"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for European Energy A/S."," "," "]
["C05087","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."," "," "]
["C02109","Fingrid Oyj"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Fingrid Oyj."," "," "]
["C01106","Finnair"," "," "," "," "," "," "]
["C01112","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"," "]
["C70792","Genova Property Group AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Genova Property Group AB and as Joint Lead Manager of a public offer of a High Yield for Genova Property Group AB."," "," "]
["C01120","Getinge"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Getinge AB."," "," "]
["C70038","GLX Holding AS"," "," "," "," "," "," "]
["C01916","Gränges"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Gränges AB."," "," "]
["C70691","Hedin Mobility Group"," "," "," "," "," "," "]
["C02115","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 and Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Heimstaden Bostad AB."," "," "]
["C70202","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 and Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Heimstaden Bostad AB."," "," "]
["C01134","Hennes & Mauritz"," "," "," "," "," "," "]
["C01136","Hexagon"," "," "," "," "," "," "]
["C70779","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."," "," "]
["C01144","Huhtamaki"," "," "," "," "," "," "]
["C01146","Husqvarna"," "," "," "," "," "," "]
["C70310","HX Group"," "," "," "," "," "," "]
["C70709","Hypo (The Mortgage Society of Finland) "," "," "," "," "," "," "]
["C01791","ICA Gruppen"," "," "," "," ","Danske Bank is acting as Joint Bookrunner in connection with an upcoming offering of bonds by ICA Gruppen AB."," "]
["C70017","Infront"," "," "," "," "," "," "]
["C60540","Íslandsbanki"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Islandsbanki Hf."," "," "]
["C01830","ISS","Y"," ","Y"," "," "," "]
["C01158","Jyske Bank","Y"," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Jyske Bank and as Joint Lead Manageer of a public offer of covered bonds for Jyske Realkredit A/S "," "," "]
["C01162","Kemira"," "," "," "," "," "," "]
["C01164","Kesko"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Kesko"," "," "]
["C70316","Klaveness Combination Carriers"," "," "," "," "," "," "]
["C60496","Kojamo"," "," "," "," "," "," "]
["C70126","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."," "," "]
["C70638","Lamor"," "," "," "," "," "," "]
["C60534","Landsbankinn"," "," "," "," "," "," "]
["C60524","Länsförsäkringar Bank AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of covered bonds for Länsforsakringar Bank AB, as Joint Lead Manager of a public offer of credit bonds for Länsforsakringar Bank AB,as Sole Lead Manager of a public offer of credit bonds for Länsforsakringar Bank AB and as Joint Lead Manager of a public offer of covered bonds for Länsförsäkringar Hypotek AB."," "," "]
["C01849","Lerøy Seafood"," "," "," "," "," "," "]
["C60036","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."," "," "]
["C60252","LINK Mobility"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of covered bonds for Link Mobility Group Holding ASA."," "," "]
["C01180","Loomis"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Loomis AB."," "," "]
["C01182","Lundbeck"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for H. Lundbeck A/S."," "," "]
["C01188","MEKO"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Meko AB"," "," "]
["C01202","Metsä Board"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Metsa Board Corporation."," "," "]
["C01252","Metso"," "," "," "," "," "," "]
["C70012","Mölnlycke Holding AB"," "," "," "," "," "," "]
["C01836","Mowi"," "," "," "," "," "," "]
["C01204","NCC"," "," "," "," "," "," "]
["C01206","Neste"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Neste Oyi."," "," "]
["C01216","NIBE"," "," "," ","Within the previous 12 months, Danske Bank has acted as Arranger and Joint Lead Manager of a public offer of credit bonds for Nibe Industrier AB."," "," "]
["C70097","Nivika"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager in High Yield Bonds for Nivika Fastigheter AB."," "," "]
["C01220","NKT","Y"," ","Y"," "," "," "]
["C01224","Nokia"," "," "," "," "," "," "]
["C01226","Nokian Tyres"," "," ","Y"," "," "," "]
["C01228","Nordea","Y"," "," ","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 covered bonds for Nordea Eiendomskreditt AS and as Joint Lead Manager of a public offer of covered bonds for Nordea Eiendomskreditt AS."," "," "]
["C01865","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."," "," "]
["C02131","Norwegian Property ASA"," "," "," "," "," "," "]
["C01234","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."," "," "]
["C70392","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)."," "," "]
["C70120","NRC Group"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Bookrunner of a public offer of credit bonds for NRC Group ASA."," "," "]
["C70841","NTI Group"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for NTI Group Holding"," "," "]
["C70320","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."," "," "]
["C60263","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."," "," "]
["C60148","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."," "," "]
["C60294","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."," "," "]
["C01937","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."," "," "]
["C01815","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."," "," "]
["C01766","Odfjell SE"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Odfjell Technology Ltd."," "," "]
["C70628","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."," "," "]
["C60259","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."," "," "]
["C70213","Oma Savings Bank"," "," "," ","Within the previous 12 months, Danske Bank has 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"," "," "]
["C60142","OP Corporate Bank plc"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for OP Corporate Bank Plc"," "," "]
["C60130","Ørsted"," "," "," "," "," "," "]
["C01469","Pandora"," "," "," "," "," "," "]
["C01976","Pihlajalinna","Y"," "," "," "," "," "]
["C70289","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."," "," "]
["C70790","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."," "," "]
["C01350","SAAB"," "," "," "," "," "," "]
["C60280","Sagax"," "," "," "," "," "," "]
["C01851","SalMar"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for SalMar ASA."," "," "]
["C01292","Sandvik"," "," "," "," "," "," "]
["C60287","Sato Oyj"," "," "," "," "," "," "]
["C02147","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."," "," "]
["C70574","S-Bank Plc"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for S-Bank Plc."," "," "]
["C01573","SCA"," "," "," "," "," "," "]
["C01988","Seapeak"," "," "," "," "," "," "]
["C01306","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."," "," "]
["C01310","Securitas"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Securitas AB"," "," "]
["C02015","SFL Corporation"," "," "," "," "," "," "]
["C60128","Sinch"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Sinch AB."," "," "]
["C01318","Skanska"," "," "," "," "," "," "]
["C01320","SKF"," "," "," "," "," "," "]
["C01326","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."," "," "]
["C02155","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"," "," "]
["C70071","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."," "," "]
["C02157","SpareBank 1 SMN"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for SpareBank 1 SMN."," "," "]
["C01581","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"," "," "]
["C01330","SSAB"," "," "," "," "," "," "]
["C02161","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."," "," "]
["C02163","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."," "," "]
["C02165","Steen & Strom AS"," "," "," "," "," "," "]
["C02167","Stena AB"," "," "," "," "," "," "]
["C70255","Stendörren Fastigheter"," "," "," ","Within the previous 12 months, Danske Bank has acted as Arranger and Joint Lead Manager of a public offer of credit bonds for Stendörren Fastigheter AB."," "," "]
["C70726","Stenhus Fastigheter"," "," "," ","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."," "," "]
["C02111","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 and as Sole Lead Manager of a public offer of credit bonds for Stockholm Exergi Holding AB."," "," "]
["C01764","Stolt-Nielsen"," "," "," "," "," "," "]
["C01336","Stora Enso"," "," "," "," "," "," "]
["C70487","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."," "," "]
["C70402","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."," "," "]
["C70770","Sveafastigheter"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner in connection with the IPO of Sveafastigheter AB."," "," "]
["C01340","Svenska Handelsbanken"," "," "," "," "," "," "]
["C02175","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."," "," "]
["C01344","Swedbank"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Swedbank AB.."," "," "]
["C01475","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"," "," "]
["C01348","Sydbank","Y"," "," "," "," "," "]
["C01462","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."," "," "]
["C01354","Tele2"," "," "," "," "," "," "]
["C01356","Telenor"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Telenor ASA"," "," "]
["C01358","Telia Company"," "," "," "," "," "," "]
["C01360","TGS"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for TGS ASA."," "," "]
["C02189","Thon Holding AS"," "," "," "," "," "," "]
["C70473","Titania"," "," "," "," "," "," "]
["C70772","Topsoe"," "," "," "," "," "," "]
["C01374","TORM plc"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Bookrunner of a public offer of credit bonds for Torm Plc."," "," "]
["C70327","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"," "," "]
["C70042","Transcom"," "," "," "," "," "," "]
["C60528","Tresu"," "," "," "," "," "," "]
["C02187","TVO"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for TVO Plc"," "," "]
["C01384","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."," "," "]
["C01828","Valmet"," "," "," "," "," "," "]
["C02193","Vasakronan AB"," "," "," ","Within the previous 12 months, Danske Bank has acted as Sole Lead Manager of a public offer of credit bonds for Vasakronan AB."," "," "]
["C02195","Vattenfall"," "," "," "," "," "," "]
["C01390","Vestas Wind Systems","Y"," "," "," "," "," "]
["C70363","Viaplay"," "," "," "," "," "," "]
["C70836","Viridien"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of credit bonds for Viridien SA"," "," "]
["C01394","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 "," "," "]
["C70663","VR Group"," "," "," "," "," "," "]
["C01400","Wallenius Wilhelmsen"," "," "," "," "," "," "]
["C70870","Wrist Ship Supply"," "," "," "," "," "," "]
["C70874","XPartners"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of High Yield bond for Xpartners."," "," "]
["C70576","Y-Foundation"," "," "," "," "," "," "]
["C01406","YIT"," "," "," ","Within the previous 12 months, Danske Bank has acted as Joint Lead Manager of a public offer of High Yield bond for YIT Oyj, as Joint Bookrunner of a public offer of credit bonds for YIT Oyj and as Joint Lead Manager of a public offer of credit bonds for YIT Oyj."," "," "]

{"sheet":"Standard disclosure text","index":2,"n_rows":59,"n_cols":1,"rows_kept":59,"cut":false,"hidden":false,"merged":[]}
["Standard disclosure text used in credit research reports"]
["Disclosures "]
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["Analyst certification"]
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["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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