ING Belgium enjoys exceptional covered bond bid

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ING Belgium enjoys exceptional covered bond bid

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The ING banking application is seen on a smartphone screen on November 15, 2017. (Photo by Jaap Arriens/Sipa USA) | Jaap Arriens/SIPA USA/PA Images

ING Belgium's order book for a €1bn eight year issued on Thursday was larger than any for a covered bond of this size since January. The exceptionally strong bid is something that other issuers will look to take advantage of before Eurosystem purchases are scaled back again.

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