These are the details of the selected bond:
- Issuer: ING Bank NV
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (S&P) AAA (Fitch)
- Amount: EUR2,000m
- Maturity date: 25 November 2032
- Re-offer price: 99.286
- Coupon: 2.750%
- Swap spread: 31bp
- Government spread: 39.3bp
- Pricing date: 18 November 2025
- Settlement date: 25 November 2025
- Bookrunners: CIBC, Danske, Erste, Helaba, ING, LBBW, NatWest, NordLB
- Country: Netherlands
- ISIN: XS3236627546
- Collateral type: Mortgage
- The CBR bond ID: 3253
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR4.2bn (inc. EUR550m JLMs) with 122 accounts. Banks 39%, asset managers 28%, central banks/official institutions 22%, insurance companies/pension funds 8%, other 3%. Germany/Austria/Switzerland 38%, Benelux 20%, Nordics 18%, UK/Ireland 8%, southern Europe 6%, CEE 6%, France 3%, other 1%.
