ING U.S. selling $400 million 30-year senior notes Tuesday

By Andrea Heisinger

New York, July 23 - ING U.S. Inc. is expected to price $400 million of senior notes due July 15, 2043 (Baa3/BBB-/) during Tuesday's session, a source away from the trade said.

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

Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Goldman Sachs & Co. are the active bookrunners. Passive bookrunners are Citigroup Global Markets Inc. and RBS Securities Inc.

Proceeds will be used for general corporate purposes, including repayment of certain borrowings.

The U.S. arm of Amsterdam-based financial services company ING Groep NV is based in New York.

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