10 July – LAWFUEL – The Law News Network – Linklaters has advised IN…

10 July – LAWFUEL – The Law News Network – Linklaters has advised ING Bank on the establishment of its EUR 40 billion Global Issuance Programme. This new programme consolidates and enhances ING Bank’s previous issuance programmes and is structured to comply with the Prospectus Directive.

The programme permits ING to issue a variety of securities: MTNs, share linked notes, index linked notes, exchangeable notes, inflation linked notes, fund linked notes, credit linked notes and warrants. The fact that the programme is so highly structured, permitting such a wide range of securities to be issued, and that it was approved by the Dutch regulator (the AFM) on 1 July, the date the Prospectus Directive came into force in The Netherlands, made the project unique.

Linklaters teams from our Amsterdam, London, Brussels, Luxembourg and New York offices worked together on the project. The deal became public on 1 July 2005.

Richard Levy, Linklaters partner in Amsterdam, commented:

“We are delighted to have been able to advise ING Bank on such an innovative deal. We enjoy working with our clients on projects at the forefront of the development of the international capital markets; advising ING Bank on the establishment of a single issuance platform for the bank, and ensuring that it was in place on 1 July when the Prospectus Directive entered into force in The Netherlands, was just such a challenge.”

The Linklaters team led by partner Richard Levy included: Peter Voorhees; Nick Davies; Pim Horsten; Wim Hazeleger (Amsterdam), Chris Hallsworth; Michael Voisin; Lala Konopelska; Toby Gray; Dana Rappaport; Charles Clark (London), Janine Biver; Jean Yves Lhommel; Maxence Monot; Delphine Horn (Luxembourg), Matthieu Duplat; Frédéric Falla; Etienne Dessy; Barbara Delputte (Brussels), Francisco Duque; Stephen Land; Bill Hobbs; Jason Carss (New York).

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