Randers, 10 December 2012
At exactly 8.30 on Friday morning, group CFO Preben Sunke rang the bell to open NASDAQ OMX in Copenhagen. At that very second, trading in Danish Crown’s corporate bond started on the new First North Bond Market.
Danish Crown’s corporate bond is the first security to be listed on the new Danish market, so Preben Sunke also had the honour of launching the new market.
- We want to support this new market which NASDAQ OMX is creating because it looks likely to become a big asset in the long term, not just for Danish Crown but for many other businesses in Denmark too. At the same time, it is an added bonus that the price of borrowing money through the sale of bonds is competitive with the alternatives – which it is, explains Preben Sunke.
The corporate bond, which trades through NASDAQ OMX, was issued in early November. The sale of the bond was a huge success, with Danish Crown raising DKK 750 million at an attractive interest rate.