Dutch bank ING Groep (NYSE: ING) surfaced Tuesday with a new senior unsecured note sale in two parts, amid further weakness in the Netherlands’ business conditions.
ING took advantage of still ultra-low U.S. interest rates and good demand in the U.S. bond market to sell high quality financial sector debt.
The yield on the 10-year U.S. Treasury note was last quoted bid at around 2.487%, with the three-month bill moving further into positive territory on the yield curve at 2.428%.
The bank also entered the U.S. dollar-denominated primary market after recently posting better-than-expected fourth quarter