ING Groep $1 billion green bond offering
Davis Polk advised the lead managers in connection with a Rule 144A/Reg S green bond offering by ING Groep N.V. of $1 billion aggregate principal amount of 1.400% callable fixed-to-fixed-rate senior notes due 2026 under its €70 billion program for the issuance of debt instruments. The proceeds of the notes will be used to finance environmentally friendly projects.
ING Groep N.V. is a global financial institution based in The Netherlands that offers banking services worldwide to more than 37 million customers in over 40 countries.
The Davis Polk corporate team included partner Reuven B. Young, counsel Connie I. Milonakis and associates Alexander W. Simmonds and Saratu M. Kitchener. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. European counsel John Taylor provided U.K. law advice. All members of the Davis Polk team are based in the London office.