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[$$] ING to expand debt capital markets business into US

Alexandra Scaggs in New York

Dutch bank ING Groep NV is building out its debt capital markets (DCM) business in the Americas, with the aim of underwriting its clients' investment-grade US bond issuance. The expansion is the result of a broad review of its global capital markets, syndicate and lending businesses that started one and a half years ago, said Ed Brown, head of strategic products for the Americas. The bank was motivated in part by the sheer size of the US market, which is nearly three times as large as European bond markets, according to analysis from the European Commission.