ING Bank sells A$600 million guaranteed 2012 via private placement
- Wednesday, 30 September 2009
ING Bank Australia (ING Bank) (AA-) returned to the Australian market on September 30, taking away A$600 million (US$525.18 million) of three-year money at the tightest level yet seen for a government-guaranteed transaction of this duration in Australia. The fixed rate deal, which is also the first guaranteed AUD bond issue for three weeks, priced at a margin of 20 basis points over swap.
