ING Sets Pricing On Euro Benchmark Five-Year Bond, Swaps +2.60 Area

The FINANCIAL — ING Groep NV, has set pricing on its euro-denominated, benchmark-sized, five-year, senior unsecured bond in the area of 260 basis points over midswaps, one of the banks running the deal said Monday, according to Borsa Italiana – London Stock Exchange Group .

Deutsche Bank AG, DZ Bank, HSBC Holdings PLC and ING are the bookrunners on the deal, which is expected to price Monday.

ING is rated triple-A by all three major ratings companies.