Denmark re-opens top quality sovereign bond market

The Kingdom of Denmark has become the first triple-A rated sovereign issuer in six years to sell a large international dollar bond.

Denmark's $1bn (€1.1bn) five-year issue, which pays a coupon of 5.125%, was the first by a top rated sovereign since 1996. Its rarity value triggered a wave of demand from investors that prefer high ratings and low risk but want yield pick-up against government bonds.

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