By Andrea Heisinger
New York, Aug. 17 - ING Bank NV sold $750 million of 3% five-year notes (Aa3/A+/A+) on Tuesday to yield Treasuries plus 162.5 basis points, a source close to the sale said.
Full terms were not available at press time.
Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and ING were the bookrunners.
The financial services company is based in Amsterdam.
| Issuer: | ING Bank NV
|
| Issue: | Notes
|
| Amount: | $750 million
|
| Maturity: | 2015
|
| Bookrunners: | Bank of America Merrill Lynch, Morgan Stanley & Co. Inc., ING
|
| Coupon: | 3%
|
| Spread: | Treasuries plus 162.5 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 17
|
| Settlement date: | Aug. 24
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
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