ING Falls After Pulling Bond Sale to Study ‘Information’
- Shares of Dutch bank drop as much as 4%, the most since August
- Spokesman confirms AT1 sale delay without elaboration
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ING Groep NV shares tumbled after the Dutch bank delayed a well-subscribed sale of risky dollar bonds with little explanation.
The lender postponed the Additional Tier 1 offering because “information has come to the issuer, that needs to be studied,” according to a message sent to potential investors seen by Bloomberg News. Bank spokesperson Daan Wentholt confirmed the delay, without elaboration.