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BRIEF-ING says to issue 1.125 bln subordinated notes
April 30, 2014 / 5:41 AM / 3 years ago

BRIEF-ING says to issue 1.125 bln subordinated notes

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April 30 (Reuters) - Ing Groep NV

* ING to issue eur 1.125 billion subordinated notes to RRJ Capital, Temasek and Seatown

* ING to also sell shares in NN Group to each investor at intended IPO totaling eur 150 million

* Notes are mandatorily exchangeable into NN Group shares in three tranches through 2016

* ING Group has secured important investments into NN Group totalling eur 1.275 billion ahead of NN Group's intended initial public offering (IPO). Source text for Eikon: Further company coverage:

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