ING Groep $1.5 billion Additional Tier 1 capital securities offering
The SEC-registered offering consisted of Additional Tier 1 contingent convertible securities
Davis Polk advised the underwriters in connection with an SEC-registered offering of $1.5 billion aggregate principal amount of 7.000% perpetual Additional Tier 1 contingent convertible capital securities of ING Groep N.V.
ING Groep N.V. is a global financial institution with a strong European base, offering banking services through its operating company ING Bank N.V. The purpose of ING Bank N.V. is empowering people to stay a step ahead in life and in business. ING Bank N.V.’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.
The Davis Polk capital markets team included partner Connie I. Milonakis and associates Gianna Ceophas, H. Gültekin Can and Shelby Young. All members of the Davis Polk team are based in the London office.