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LONDON - ING Groep N.V. announced Monday that it may begin stabilization activities for its upcoming GBP benchmark short 7-year non-call 6-year fixed-to-floating rate note offering.
According to a press release statement, ING Bank N.V. will act as the Stabilizing Manager for the securities. The stabilization period is expected to commence on November 10, 2025, and continue for up to 30 days after the proposed issue date.
As part of the stabilization process, the Stabilizing Manager may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail, though there is no guarantee any stabilization action will be taken.
The securities will be issued by ING Groep N.V. without a guarantor. The offering consists of a GBP benchmark short 7-year non-call 6-year fixed-to-floating rate note.
The announcement specified that any stabilization action or over-allotment will be conducted in accordance with applicable laws and rules. No offer price was disclosed in the announcement.
The offering is directed at qualified investors in European Economic Area Member States and at persons outside the United Kingdom or those within the UK who have professional experience in investment matters or are high net worth individuals.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered for sale in the United States.
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