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ING Bank Issues $3.25B In Debt
ING Bank raised $3.25 billion in a two-part sale of bonds.
ING Bankraised $3.25 billion in a two-part sale of bonds,The Wall Street Journalreports. The bank sold a $2 billion tranche of two-year floating-rate senior unsecured notes and a $1.25 billion tranche of fixed-rate bonds, carrying a coupon rate of $% and due 2016.
The lender will use the proceeds from the offering for general corporate purposes. The sale of the notes was led by ING alongsideBarclays Capital,Goldman SachsandRBC Capital Markets.
Click here for the story fromThe Wall Street Journal.