OREANDA-NEWS. July 22, 2011. ING BANK (EURASIA) ZAO (hereinafter - ING Bank), one of the leading banks with foreign capital in Russia, is pleased to announce successful closing of its debut domestic unsubordinated unsecured bond issue, reported the press-centre of ING BANK.
 
The three-year 5 billion rouble Floating Rate Note has been issued with an initial coupon of 4.99 percent and linked to MosPrime, the Russian money market reference rate. That pricing resulted from primary auction held on MICEX and it corresponds to a margin of 75 bps over 3-month MosPrime rate.
 
ING Commercial Banking in Russia, Raiffeisenbank, Troika Dialog and VTB Capital are the joint lead managers of the new issue.
 
The funds are being raised in order to further expand ING Bank's long-term rouble lending activities.