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WASHINGTON, Nov 25: Dutch financial services group ING Groep NV filed with US regulators on Friday to periodically sell up to $1 billion in debt securities.
The company said in a registration statement filed with the Securities and Exchange Commission that it will use the proceeds to provide additional funds for its operations and for other general corporate purposes.
The other purposes could include debt repayment, acquisitions and working capital, the filing said.
Under a shelf registration, a company may sell securities in one or more offerings, with the size, price and terms to be determined at the time of sale.—Reuters
