ING Bank, a unit of ING Groep, has launched a three-part $2.5 billion debt offering, The Wall Street Journal reports. The offering includes a $1.4 billion three-year floating-rate piece, a $500 million three-year fixed rate piece and a $600 million 10-year piece.
The sale proceeds will be used for general corporate purposes, including repayment of outstanding debt securities. Morgan Stanley, ING, Deutsche Bank and Goldman Sachs are the joint bookrunning managers for the deal.
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