| C/P | Industry | Status | Ticker(s) | Issuer(s) | Size(m) | Tranches | Region | Date | |
|---|---|---|---|---|---|---|---|---|---|
IGC | FNCL | PRCD | INTNEDINTNED | ING Bank NV, ING Groep NV (ING) | €3,500 | 3 | EMEA | Nov 2, 2026 |
OpCo FRN
2yr (Oct 2028) @ 3mE+80a
Implied Spread for fresh 2yr @ 3mE+42
Priced at 3mE+55
NIC of +13
OpCo
3yr (Nov 2029) @ MS+80-85
Implied Spread for fresh 3yr @ MS+45
Priced at MS+55
NIC of +10
HoldCo FTF
NC5 (Nov 2031) @ MS+130-135
Implied Spread for fresh NC5yr @ MS+90
Priced at MS+100
NIC of +10
COMPS | |||||||||||||
Ticker | Cpn | FRN | Pricing Date | Maturity | Call | Yrs to Maturity | Yrs to Call | Amt Out | Bid I-Spread/Bid DM | Moody’s | S&P | Fitch | Scope |
OpCo | |||||||||||||
INTNED | 2.855 | Y | May-26 | May-28 | – | 1.5 | – | €1,250m | 37 | A2 | A+ | AA | AA- |
INTNED | 2.625 | N | Dec-25 | Dec-28 | – | 2.1 | – | €1,000m | 29 | A2 | A+ | AA | AA- |
INTNED | 3.25 | N | May-26 | May-29 | – | 2.5 | – | €1,000m | 40 | A2 | A+ | AA | AA- |
HoldCo | |||||||||||||
INTNED | 3.125 | N | Feb-26 | Feb-32 | Feb-31 | 5.3 | 4.3 | €1,250m | 85 | Baa1 | A- | A+ | A+ |
INTNED | 3.375 | N | Nov-24 | Nov-32 | Nov-31 | 6 | 5 | €1,000m | 89 | Baa1 | A- | A+ | A+ |
| CreditFlow: End of Day (Europe IG) | 12:08 PM ET |