ING ends Dutch hiatus with popular five year

20 Feb 2013

ING on Wednesday became the first big Dutch bank to hit the euro senior unsecured market this year, printing a five year transaction that drew plenty of interest with what bankers away from the deal said was a double-digit premium.

The A2/A+/A+ rated lender was set to price a €1.75bn deal at 85bp over mid-swaps later on Wednesday afternoon.

At the same time, hopes of a debut deal from Santander Consumer Bank Norway were dashed when the issuer pulled back from the market. A syndicate banker involved in ...

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