New Issue- ING Bank sells $1.5 bln in bonds

Tue Nov 27, 2012 5:48pm EST

Nov 27 (Reuters) - ING Bank N.V. on Tuesday sold $1.5
billion of covered bonds in the 144a private placement market,
said IFR, a Thomson Reuters service. 
    The bonds are guaranteed by ING Covered Bond Company B.V.
    Barclays Capital, Deutsche Bank, ING Bank and RBC were the
joint bookrunning managers for the sale.

BORROWER: ING BANK 

AMT $1.5 BLN    COUPON 2.625 PCT   MATURITY    12/05/2022   
TYPE BONDS      ISS PRICE 99.668   FIRST PAY   06/05/2013 
MOODY'S Aaa     YIELD 2.663 PCT    SETTLEMENT  12/05/2012   
S&P TRIPLE-A    SPREAD 101.8 BPS   PAY FREQ    SEMI-ANNUAL
FITCH TRIPLE-A  MORE THAN TREAS    NON-CALLABLE   N/A
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