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Published on 11/27/2012 in the Prospect News Investment Grade Daily.

ING Bank pricing benchmark offering of 10-year covered bonds Tuesday

By Andrea Heisinger

New York, Nov. 27 - ING Bank NV is in the market on Tuesday with a benchmark-size offering of 10-year covered bonds (Aaa//AAA), a market source said.

The sale is being done under Rule 144A and Regulation S.

Barclays and Deutsche Bank Securities Inc. are the active bookrunners. Passive bookrunners are ING Securities and RBC Capital Markets LLC.

The financial services company is based in Amsterdam.


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