DFDS HAS SUCCESFULLY ISSUED CORPORATE BOND

4/18/2012 12:07 PM EST

DFDS A/S
Investor News

DFDS HAS SUCCESFULLY ISSUED CORPORATE BOND

Copenhagen, 2012-04-18 18:07 CEST (GLOBE NEWSWIRE) -- Announcement no. 13/2012







DFDS has today issued a four-year NOK 500 million corporate bond to supplement
and partly replace existing bank debt. This is to diversify the company’s
financing structure and increase flexibility and efficiency of its financing. 

Until today DFDS has covered its debt financing needs via banks, but has now
decided to issue a corporate bond partly to replace existing bank debt. 

The aim is to reduce dependency on the banks and to diversify the loan
portfolio. 

The company has sold the NOK 500 million unsecured bond to a wide grouping of
institutional investors in Denmark, Norway and Sweden. The four-year bond has
been issued with a floating rate in NOK which DFDS has swapped into a fixed,
four-year Danish interest rate of approx. 4.3%. 

The bond will be listed on the Oslo Stock Exchange.

“We are pleased with the significant interest in DFDS and the positive
reception we received for our bond issue,” says Torben Carlsen, CFO. “In the
last two years DFDS has reduced its debt considerably to around DKK 3.4 billion
and has a strong balance sheet.” 

Nordea and SEB have arranged and carried out the bond issue for DFDS.

Contact person:
CFO Torben Carlsen, +45 3342 3201