| Outlook | Stable |
| Counterparty Risk Rating | A1/P-1 |
| Bank Deposits | A1/P-1 |
| Baseline Credit Assessment | baa1 |
| Adjusted Baseline Credit Assessment | baa1 |
| Counterparty Risk Assessment | A1(cr)/P-1(cr) |
| Senior Unsecured MTN | (P)A1 |
| Junior Senior Unsecured | A3 |
| Junior Senior Unsecured MTN | (P)A3 |
| Subordinate | Baa2 |
| Pref. Stock Non-cumulative | Ba1 (hyb) |
| Other Short Term | (P)P-1 |
Updated 29 April 2022
Sydbank Green Bond Framework May 2022
Second Party Opinion from Sustainalytics
Investor presentation Green Bond - 20-09-22
Investor presentation Green Bond SNP - 29-08-23
Green Bonds issued by Sydbank:
EUR 500m Non-preferred Senior Notes due 2025 (XS2538445581)
EUR 500m Non-preferred Senior Notes due 2028 (XS2675722750)
For long-term funding, Sydbank established its Global Medium Term Note programme in 2001. The current limit on the programme is EUR 4 billion.
Sydbank’s Offering Circular can be found below:
Offering Circular Sydbank GMTN Programme, 10th May 2023
Supplement dated 24th August 2023
Below you can find a list of Sydbank’s outstanding benchmark bond issues under the GMTN programme and download the final term sheets:
EUR 75m Tier 2 Notes due 2029 (XS1705599915)
EUR 500m Non-preferred Senior Notes due 2023 (XS1880919383)
DKK 1.000m Non-preferred Senior Notes due 2024 (XS2263655594)
NOK 1.000m Non-preferred Senior Notes due 2024 (NO0010907454)
SEK 600m Non-preferred Senior Notes due 2024 (XS2263655248)
EUR 500m Non-preferred Senior Notes due 2026 (XS2405390043)
EUR 500m Non-preferred Senior Notes (Green Bond) due 2025 (XS2538445581)
EUR 500m Non-preferred Senior Notes (Green Bond) due 2028 (XS2675722750)
Sydbank has issued the following capital issues with perpetual maturity.
The prospectuses for the two standalone capital issues can be found below:
EUR 75m Capital Securities (XS0205055675)
EUR 100m Additional Tier 1 Capital Notes (XS1713462742)