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Fitch: ING Bank (Australia) raises A$750M in mortgage covered bonds

ING Bank (Australia) Ltd. issued A$750 million of mortgage covered bonds, Fitch Ratings said Aug. 20.

The bank issued A$250 million of floating-rate bonds and A$500 million of fixed-rate bonds. Both the bonds are due August 2024. The issuance brings the bank's total outstanding issuance of mortgage covered bonds to A$1.75 billion.