The ING bond is specifically designed to hedge against regulatory uncertainty in the Netherlands. It contains an option where the bond can be transferred to ING’s holding company, depending on how the rules develop – reflecting how European banks are trying to find solutions that allow them to keep issuing bonds that will satisfy the rules, in spite of confusion over those rules.


mk:

Remember way back a month ago when Deutsche Bank was compelled to assert their solvency, and then buy back a bunch of bonds from freaked out bond holders? Here's DBK:GR today.

Everything is not all better, and I suspect that necessity is the mother of this invention.

I don't think 3% is worth holding ING's hot potato.


posted by kleinbl00: 952 days ago