ING makes strong dollar comeback

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By David Rothnie
26 Mar 2021

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 ...

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