Green Bond Fact SheetING Bank N.V.
Date: 19 November 2018
Issue date: 15-Nov-2018 Maturity date: 15-Nov-2030 Tenor: 12 yearsIssuer Name

ING Bank N.V.

Amount Issued

USD1.25 billion; EUR1.5bn(USD1.7bn)

Country of risk

Netherlands

CBI Database

Included

Issuer Type1

Financial Corporate

Bond Type

Senior unsecured

Green Bond Framework

Link to Green Bond Framework

Second party opinion

Certification Standard

Marine Renewable Energy,

Assurance report

N/A

Green bond rating

N/A

ISS-oekomWind, Solar, Low Carbon
Buildings
Certification Verifier

ISS-Oekom

Use of Proceeds☒ Energy☒ Solar☒ Onshore wind
☒ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energy performance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use &agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

Until full allocation of proceeds, there will be a publicly available annual report on theallocation of proceeds.

Company information

ING is one of the largest financial services institutions in the Netherlands and Europe.
Its corporate lending activities support a range of industries and amount to over EUR
500 billion. ING recently announced that it would use “science based scenarios” toincorporate the Paris Agreement into its corporate lending strategies.

Firsts, records andcertifications

This is the largest Climate Bonds Certified Bond issued to date. ING is the second
Dutch commercial bank to obtain Certification under the Climate Bonds Standard after
ANB Amro.

Proceeds description

Proceeds will be earmarked to finance and refinance loans for onshore wind farms,
offshore wind farms, solar energy farms, as well as commercial and residentialbuildings belonging to the top 10% of low carbon buildings in the Netherlands. ING isa repeat issuer with two 2015 deals totalling USD1.3bn. In seeking Certification for its
latest green bond, the bank demonstrates its commitment to complying with best-inclass requirements for its eligibility criteria and transparency practices. This green dealis also the largest from a European bank.

Climate Bonds view
Underwriters

Credit Agricole CIB, ING, Credit Suisse, Standard Chartered, Skandinaviska Enskilda
Banken AB

Deal comments
Credit Rating

A+ (Fitch); Baa1 (Moody’s), A- (S&P)

Pricing summary
Investors summary1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government,
non-financial corporate, sovereign