ING Bank Issues $3.25B In Debt

ING Bank raised $3.25 billion in a two-part sale of bonds.

ING Bank raised $3.25 billion in a two-part sale of bonds, The Wall Street Journal reports. 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 alongside Barclays Capital, Goldman Sachs and RBC Capital Markets.

Click here for the story from The Wall Street Journal.