ING Bank NV, Sydney branch, issued A$100 million of floating rate notes yesterday. The notes have a maturity date of May 2013 and are being offered at 100 basis points over the three-month bank bill swap rate. HSBC is the lead manager and sole book-runner. Power supplier Energy Developments announced yesterday that it had increased its secured corporate debt facility, with a new commitment of US$20 million to be provided by Caterpillar Financial Australia. In April, the company announced that it had increased its syndicated facility; a commitment of A$50 million from UBS took the facility to A$425 million. Other members of the syndicate are National Australia Bank, Bank of America Merrill Lynch, Investec, Macquarie Bank, ING Bank and Babson Capital Australia.