ING Bank of Canada Issues $320.5M of Subordinated Notes

On December 5, 2006, ING Bank of Canada completed its issue of $320,500,000 Tier 2 B Fixed/Floating Subordinated Notes as part of ING Bank N.V.'s €50,000,000,000 Global Issuance Programme. The Notes were issued pursuant to a Canadian Information Memorandum dated September 29, 2006. The syndicate of dealers was led by Merrill Lynch Canada Inc. and included RBC Capital Markets and TD Securities Inc.

ING Bank of Canada was represented in-house by David Grad, vice-president, general counsel and secretary and by Stikeman Elliott LLP in Toronto with a team that included Philip Henderson, Michael Burkett and Maninder Malli (corporate) together with Kevin Kelly (tax). ING Bank N.V. was represented in-house by Harald Frank, head legal counsel, Raymond van der Kort, junior legal counsel, and by Linklaters in Amsterdam with a team that included Richard Levy and Peter Voorhees. The dealers, led by Merrill Lynch, were represented by McCarthy Tétrault LLP in Toronto with a team that included Andrew Parker and Ryan Hunter (corporate), together with Barry Ryan (financial services regulatory) and Gabrielle Richards (tax).


Ryan B. Hunter Andrew C. Parker Maninder Malli Michael Burkett Philip J. Henderson