ING Australia plans inaugural Australian dollar covered-bond transaction

On 2 August, ING Bank Australia (ING Australia) (A/A3/A) revealed plans for an inaugural 3-5 year Australian dollar covered-bond transaction. Investor meetings regarding the potential deal will take place in Asia and Australia, commencing 6 August, and an investor update call will take place on 7 August. The covered bonds are expected to be rated Aaa/AAA.