The investment-grade offering comprises four tranches of notes

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by ING Groep N.V. of $750 million aggregate principal amount of 4.858% callable fixed-to-floating-rate senior notes due 2029, $1 billion aggregate principal amount of 5.066% callable fixed-to-floating-rate senior notes due 2031, $1 billion aggregate principal amount of 5.525% callable fixed-to-floating-rate senior notes due 2036 and $750 million aggregate principal amount of callable floating-rate senior notes due 2029.

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 corporate team included partner Connie I. Milonakis and associates Gianna Ceophas and Shelby Young. All members of the Davis Polk team are based in the London office.

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