ING Bank

21 May 2008

Rating: Aa2/AA-/AA-
Tranche 1: £800m
Maturity: 29 May 2023
Issue/fixed re-offer price: 99.787
Coupon: 6.875% until 29 May 2018; thereafter coupon steps up by 100bp if not called
Call option: at par from 29 May 2018 and then every quarter
Spread at re-offer: 155bp over mid-swaps; 197.1bp over the Gilt
Amount: Eu1bn
Maturity: 29 ...

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