ING delays AT1 as Arion aims for new record
ING Groep postponed the sale of an additional tier one after clocking up $11bn of demand in the dollar market on Wednesday. At the same time, Arion Bank was looking to launch a $100m deal in the same format — the lowest volume on record in dollars.
ING started marketing a perpetual non-call May 2029 bond on Wednesday morning, with expected ratings of Ba1/—/BBB-.
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