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Published on 9/5/2023 in the Prospect News Investment Grade Daily.

ING Groep offers three callable senior notes due 2027, 2034

Chicago, Sept. 5 – ING Groep NV is offering three series of notes, according to a 424B5 filing with the Securities and Exchange Commission on Tuesday morning.

The offering will include one senior floating-rate tranche due 2027 and two fixed-to-floating rate senior notes due 2027 and 2034.

Each of the notes will be callable at par one year before they mature. For the fixed-to-floaters, the coupons will reset on the call dates.

BMO Capital Markets Corp., BofA Securities, Inc., ING Financial Markets LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, NatWest Markets Securities Inc. and Wells Fargo Securities, LLC are working as joint bookrunners.

Bank of New York Mellon, London Branch will be the trustee.

Sullivan & Cromwell LLP is advising the issuer.

Davis Polk & Wardwell London LLP is working as counsel for the underwriters.

Proceeds will be used for general corporate purposes.

The financial services company is based in Amsterdam.


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