ING draws €4bn order book in holdco senior debut

By Tyler Davies
02 Mar 2017

ING was more than twice subscribed for a €1.5bn trade from its holding company on Thursday — its first senior bond since confirming it as its resolution entity.

Accounts put more than €4bn of orders behind the five year deal, which will be ING’s first total loss-absorbing capacity eligible senior transaction at holding company level.

"All the ingredients were there for this to be a great trade," said a banker close to the deal. "It is a ...

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