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Report: ING Bank issues €1.0B bond

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Report: ING Bank issues €1.0B bond

ING GroepNV unit INGBank NV priced a €1.0 billion bond, Cbonds reported April 7.

The notes, which mature April 11, 2028, carry a coupon of 3%until Nov. 4, 2023, then a five-year euro swap rate plus 2.85%.

Bank of America Merrill Lynch, BayernLB, BBVA, BNP Paribas,Erste Group, ING Wholesale Banking London, UBS and UniCredit Group served asbook runners on the deal.