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ING issued a EUR 4 billion guaranteed bond

Autor: Bancherul.ro
2009-02-21 15:18

ING Bank announced today that it has placed a 5 year EUR 4 billion government guaranteed senior unsecured bond issue. The issue of EUR 4 billion was done under the Credit Guarantee Scheme of the State of the Netherlands and is part of ING Bank's regular medium-term funding operations.

The issue follows the announcement of 26 January 2009 that under the terms of the agreement with the Dutch State on an Illiquid Assets Back-up Facility, ING will pro-actively issue EUR 10 billion in government guaranteed bonds. The issue was priced at a fixed rate of 3,375 percent, 75 basis points over mid-swaps.

ING placed the issue among central banks, agencies and fund managers in the Netherlands, Europe and Asia. The bonds carry an AAA rating by Standard & Poor's, Fitch and Moody's. Joint Lead Managers for the issue were Deutsche Bank, RBS, UBS and ING Bank. Senior co-lead manager was ABN Amro Netherlands. Co-leads were DZ Bank, LBBW and Rabobank.

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