ING bucks senior trend with new 10 year

11 Jan 2011

ING Bank is set to buck the short maturity FRN trend in the European senior FIG market with a new 10 year.

The issuer has mandated BNP Paribas, Deutsche Bank, HSBC and ING for a benchmark deal, with execution pencilled in for Tuesday.

Senior issuance has been focused at the short end of the curve this week, as difficult market conditions and poor performance of last week's five year issues from Intesa Sanpaolo ...

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