ING makes strong dollar comeback

Dutch bank ING made a triumphant return to the dollar market this week, launching its first SEC-registered trade in almost two years as it added to Yankee bank supply.
ING Groep came to the market on Wednesday with a three-part $2.25bn offering that included its first floating note to be priced off the secured overnight financing rate (Sofr).
The Dutch bank, rated Baa1/A-, printed two fixed rate tranches: a $1.1bn six year non-call five at 92bpo over ...Already a subscriber? Login