ING Bank successfully raises EUR 1.5 billion in senior bond issuance
13 January 2015
... min read
ING Bank successfully raised EUR 1.5 billion in a benchmark transaction selling a long 5 year senior bond at a spread of 40 basis points over mid swaps. The bond will be trading on the Euronext Amsterdam stock exchange.
The proceeds of this bond issuance will be used for general corporate purposes. ING uses client savings, bonds and other financial instruments to fund loans to its customers.
Details on ING’s funding profile and outstanding debt securities can be found on ing.com.
The transaction was led by Credit Agricole, Goldman Sachs, ING Bank, LBBW and Natixis.