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CREDIT SUPPLY: INTNED Tier 2: Final Terms MS+178bp, We Had FV At MS+170bp

CREDIT SUPPLY

ING (INTNED: Baa1 pos/A-/A+) is issuing Tier 2 sub debt today – final terms are MS+178bp, we had fair value around MS+170bp area (IPT was MS+210bp area), so some small NIC. Size set at EUR1.2bn, books are above EUR4.5bn (ex-JLMs) so fairly well covered.

  • “FINAL TERMS: ING €1.25b 11NC6 Tier 2 MS+178” - BBG

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