ING’s Eu7.5bn rights issue ends year of banking recaps

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ING’s Eu7.5bn rights issue ends year of banking recaps

December 15, 2010 12:00 AM

A year full of banking recapitalisations came to an end when ING closed a Eu7.5bn rights issue with a high take-up on Tuesday after Lloyds had completed its record £13.5bn rights issue last Friday. Financial sector deals in 2009 have been marked by deep discounts to absorb market shocks. Will such large discounts be needed in 2010? EuroWeek takes a look ahead on Friday.

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