Davis Polk advised the dealers in connection with an offering by Danske Bank A/S (“Danske Bank”) of (i) $1 billion aggregate principal amount of 2.000% notes due 2021, (ii) $500 million aggregate principal amount of 1.650% notes due 2019 and (iii) $500 million aggregate principal amount of floating-rate notes due 2019, pursuant to Rule 144A and Regulation S under its $10 billion Rule 144A/Regulation S medium-term note program (the “Program”).

Danske Bank is the leading financial services provider in Denmark and one of the largest in the Nordic region. Danske Bank offers its customers in Denmark and in its other markets a broad range of services that, depending on the market, include services in banking, mortgage finance, insurance, trading, leasing, real estate agency and investment management.

The Davis Polk U.S. corporate team included partner Reuven B. Young and associates Matt Hart and Michael D. Arena. European counsel John Taylor provided U.K. corporate advice. Partner John D. Paton and associate Nicholas A. Machen provided U.S. tax advice. Partner Jonathan Cooklin and associate Dominic Foulkes provided U.K. tax advice. All members of the Davis Polk team are based in the London office.