Debt

Mario Draghi’s communication skills have proved exceptionally effective. Since the famous “whatever it takes” in 2012, yields for peripheral sovereign debts have converged sharply towards levels for German debt. Yields for BTPs, Bonos and IGBs sit at record lows.

Today, the World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), and Nomura, Asia’s global investment bank, finalized the terms of secondary distribution of World Bank Green Bonds for Japanese retail investors.

IFC Executive Vice President and CEO Jin-Yong Cai last week rang the opening bell on the London Stock Exchange to commemorate the Corporation’s first London-listed renminbi bonds.

ING announced that it has notified the Dutch State of its intention to pay EUR 1.225 billion on 31 March 2014. This payment is EUR 100 million higher than originally scheduled in the amended EC Restructuring Plan as announced on 19 November 2012.

ING Group announced today it will redeem the EUR 1.5 billion 8% ING Perpetual Hybrid Capital Securities per the call date of 18 April 2014, in line with ING’s goal to continuously optimize its capital structure and lower its funding costs.