Obbligazione DNB Ban ASA 1.375% ( XS2092422810 ) in GBP

DNB Ban ASA

100 GBP ⇌

Norvegia

XS2092422810 ( in GBP )

1.375% per anno ( pagato 1 volta l'anno)

11/06/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione DNB Bank ASA XS2092422810 in GBP 1.375%, scaduta

100 000 GBP

500 000 000 GBP

DNB Bank ASA è la più grande banca norvegese, operante nel settore bancario commerciale e di investimento, offrendo una vasta gamma di servizi finanziari a privati, aziende e istituzioni.

L'obbligazione DNB Bank ASA (XS2092422810), emessa in Norvegia per un totale di 500.000.000 GBP con cedole al 1,375% pagate annualmente, denominata in GBP, con scadenza all'11/06/2023 e taglio minimo di 100.000 GBP, è giunta a scadenza ed è stata rimborsata al 100%.

FINAL TERMS
MiFID II product governance / Professional investors and ECPs only target market Solely for
the purposes of each manufacturer's product approval process, the target market assessment in
respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible
counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended,
"MiFID II"); and (ii) all channels for distribution of the Notes to eligible counterparties and professional
clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a
"distributor") should take into consideration the manufacturers' target market assessment; however,
a distributor subject to MiFID II is responsible for undertaking its own target market assessment in
respect of the Notes (by either adopting or refining the manufacturers' target market assessment) and
determining appropriate distribution channels.
10th December, 2019
DNB Bank ASA
Legal entity identifier (LEI): 549300GKFG0RYRRQ1414
Issue of £500,000,000 1.375 per cent. Notes due 2023
under the
45,000,000,000 Euro Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth
in the Base Prospectus dated 28th January, 2019 and the supplements to the Base Prospectus dated
7th February, 2019, 3rd May, 2019, 11th July, 2019 and 24th October, 2019 which together constitute
a base prospectus for the purposes of the Prospectus Directive (together, the "Base Prospectus").
This document constitutes the Final Terms of the Notes described herein for the purposes of Article
5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus. Full
information on DNB Bank ASA (the "Issuer") and the offer of the Notes is only available on the basis
of the combination of these Final Terms and the Base Prospectus. These Final Terms and the Base
Prospectus have been published on the website of the Central Bank of Ireland at
https://www.centralbank.ie/regulation/industry-market-sectors/securities-markets/prospectus-
regulation/prospectuses and Euronext Dublin at www.ise.ie.

1.
Issuer:
DNB Bank ASA
2.
(i)
Series Number:
703

(ii)
Tranche Number:
1

(iii)
Date on which the Notes will be
Not Applicable
consolidated and form a single
Series:
3.
Specified Currency or Currencies:
Pounds Sterling ("£")
4.
Aggregate Nominal Amount:

Series:
£500,000,000

Tranche:
£500,000,000

5.
Issue Price:
99.891 per cent. of the Aggregate Nominal Amount
6.
(i)
Specified Denomination(s):
£100,000 and integral multiples of £1,000 in excess
thereof up to and including £199,000. No Notes in
definitive form will be issued with a denomination above
£199,000

(ii)
Calculation Amount:
£1,000
7.
(i)
Issue Date:
12th December, 2019

(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
12th June, 2023

9.
Interest Basis:
1.375 per cent. Fixed Rate
(further particulars specified below, see paragraph 14)
10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount
11.
Change of Interest Basis:
Not Applicable
12.
Put/Call Options:
Not Applicable

13.
(i)
Status of the Notes:
Senior Preferred

(A)
No
Right
of
Set-Off
or Not Applicable
Counterclaim:

(B)
Regulatory Consent:
Not Applicable

(C)
Redemption upon occurrence of Not Applicable
Capital
Event
and
amounts
payable on redemption therefor:

(D)
Redemption upon occurrence of Not Applicable
MREL Disqualification Event and
amounts payable on redemption
therefor:

(E)
Substitution or variation:
Not Applicable

(F)
Restricted
Gross-Up
Senior Not Applicable
Preferred Notes:

(G)
Unrestricted Events of Default Applicable
and Enforcement:

(ii)
Date Board approval for issuance
12th December, 2018
of Notes obtained:

2

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Applicable

(i)
Rate(s) of Interest:
1.375 per cent. per annum payable in arrear on each
Interest Payment Date

(ii)
Interest Payment Date(s):
12th June in each year from and including 12th June,
2020, up to and including the Maturity Date. There will
be a short first coupon in respect of the period from and
including the Issue Date to but excluding 12th June,
2020 (the "Short First Interest Period").

(iii)
Fixed Coupon Amount(s):
£13.75 per Calculation Amount

(iv)
Broken Amount(s):
£6.875 per Calculation Amount for the Short First
Interest Period, payable on 12th June, 2020.

(v)
Day Count Fraction:
Actual/Actual (ICMA)

(vi)
Determination Date(s):
12th June in each year
15.
Floating Rate Note Provisions
Not Applicable
16.
Reset Note Provisions
Not Applicable

17.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18.
Issuer Call
Not Applicable
19.
Investor Put
Not Applicable
20.
Final Redemption Amount:
£1,000 per Calculation Amount
21.
Early Redemption Amount(s) payable on
£1,000 per Calculation Amount
redemption for taxation reasons or on
event of default:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
Form of Notes:

(i)
Form:
Temporary Bearer Global Note exchangeable for a
Permanent Bearer Global Note which is exchangeable
for Definitive Bearer Notes only upon an Exchange
Event

(ii)
New Global Note:
Yes
23.
Additional Financial Centre(s):
Not Applicable

24.
Talons for future Coupons to be attached
No
to Definitive Notes:
3

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING:
(i)
Listing and admission to trading:
Application has been made for the Notes to be
admitted to trading on the regulated market of
Euronext Dublin and listed on the official list of
Euronext Dublin with effect from the Issue Date.
(ii)
Estimate of total expenses related
1,000
to admission to trading:

2.
RATINGS:
The Notes to be issued are expected to be rated Aa2
by Moody's Investors Service Limited ("Moody's")
and AA- by S&P Global Ratings Europe Limited
("SPGRE").
Each of Moody's and SPGRE is established in the
European Union and is registered under Regulation
(EC) No. 1060/2009 (as amended).
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE:
Save for any fees payable to the Managers, so far as the Issuer is aware, no person involved in the
issue of the Notes has an interest material to the offer. The Managers and their affiliates have
engaged, and may in the future engage, in investment banking and/or commercial banking
transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary
course of business.
4.
YIELD:

Indication of yield:
1.408 per cent.
5.
OPERATIONAL INFORMATION:

(i)
ISIN Code:
XS2092422810
(ii)
Common Code:
209242281
(iii)
CUSIP Number:
Not Applicable
(iv)
CFI:
DTFXFB, as updated, as set out on the website of the
Association of National Numbering Agencies (ANNA)
or alternatively sourced from the responsible National
Numbering Agency that assigned the ISIN.
(v)
FISN:
DNB BANK ASA/1EMTN 20230612, as updated, as
set out on the website of the Association of National
Numbering Agencies (ANNA) or alternatively sourced
from the responsible National Numbering Agency that
assigned the ISIN.
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(vi)
Any clearing system(s) other than
Not Applicable
Euroclear Bank SA/NV,
Clearstream Banking S.A. and SIS
and the relevant identification
number(s):
(vii)
Delivery:
Delivery against payment
(viii)
Names and addresses of additional
Not Applicable
Paying Agent(s) (if any):
(ix)
Intended to be held in a manner Yes. Note that the designation "yes" simply means
which would allow Eurosystem that the Notes are intended upon issue to be
eligibility:
deposited with one of the ICSDs as common
safekeeper and does not necessarily mean that the
Notes will be recognised as eligible collateral for
Eurosystem monetary policy and intra-day credit
operations by the Eurosystem either upon issue or at
any or all times during their life. Such recognition will
depend upon the ECB being satisfied that the
Eurosystem eligibility criteria have been met.
6.
DISTRIBUTION:
(i)
If syndicated, names of Managers:
Joint Lead Managers
Deutsche Bank AG, London Branch
RBC Europe Limited
The Toronto-Dominion Bank
(ii)
Date of Subscription Agreement:
10th December, 2019
(iii)
Stabilisation Manager(s) (if any):
Not Applicable
(iv)
If non-syndicated, name of relevant Not Applicable
Dealer:
(v)
U.S. Selling Restrictions:
TEFRA D

(vi)
Prohibition of Sales to EEA Retail Not Applicable
Investors:

(vii)
Prohibition of Sales to Belgian
Applicable
Consumers:
7.
EU BENCHMARKS REGULATION:

EU Benchmarks Regulation: Article 29(2) Not Applicable
statement on benchmarks:

6

8.
THIRD PARTY INFORMATION:
Not Applicable
9.
USE OF PROCEEDS:
As specified in the Base Prospectus

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