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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
INGDIB
ING Diba AG€1,000
1EMEA
Aug 25, 2026
currency
EUR
size (m)
1,000.000
maturity
Sep 1, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-6
guidance
MS+22 area
spread
16
coupon
3.25%
spread set
-
price
99.99100
yield
3.252%
book size (m)
2,200
peak book (m)
2,400
x-covered
2.2
book attrition
-8.33%
nic
0
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,200
peak book (m)
2,400
x-covered
2.2
book attrition
-8.33%
nic
0
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2200; Registration: Reg S Only; Comments: Deal Stats: By Geography: DACH 54%, Benelux 17%, France 11%, Nordics 6%, UK/Ireland 6%, CEE 3%, Southern Europe 2%, Asia 1%. By Type: Banks 58%, AM 21%, CB/OI 13%, Insurance/PF 7%, Other 1%. DBR 0 08/31 TWIN / 86.670 / B+33.00 bps. LEI: 3KXUNHVVQFIJN6RHLO76 ;
Use of Proceeds
The Issuer will apply an amount equivalent to the net proceeds from the offer of the Pfandbriefe specifically for financing and/or re-financing of specified green projects and activities in accordance with certain prescribed eligibility criteria as further described in ING’s Global Green Funding Framework
Relative Value

Covered Green
5yr (Sep 2031) @ MS+22a

Implied Spread for fresh 5yr @ MS+16

Priced at MS+16
NIC of 0


COMPS

Ticker

Instrument Rating (M/S/F)

Amount Outstanding (m)

Coupon (%)

Issue date

Maturity date

Life (years)

Mid I-spread (bp)

DZHYP

Aaa/AAA/-

1,000

3.125

Apr-26

Aug-31

5

11