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ING Bank talks five-year fixed-, floating-rate notes for Tuesday
By Aleesia Forni
Virginia Beach, Sept. 23 – ING Bank NV is planning a sale of five-year senior notes for Tuesday in fixed- and floating-rate tranches, a market source said.
The five-year notes are talked in the low-90 basis points area over Treasuries, and the floating-rate notes are talked at the Libor equivalent.
Pricing is being done under Rule 144A and Regulation S.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities and ING Financial Markets LLC are the bookrunners.
The financial services company is based in Amsterdam.
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