ING retires a third of its GG debt

By Tom Porter
02 Jul 2013

ING Bank NV has retired a third of its total outstanding debt backed by the Dutch government, in a buyback of two bonds issued in early 2009.

ING launched an any and all tender offer on June 19 for a €4bn March 2014 bond, as well as a $2.25bn security, also coming due in March 2014.

The bank has now repurchased just under €1.3bn, or 32%, of the euro notes and around $990m (€760m), or ...

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