ING Canada Inc. announced today that it has filed a preliminary short form base shelf prospectus with securities regulatory authorities throughout Canada to offer over a 25-month period up to $1 billion in debt, preferred or common share securities.

These filings replace a similar prospectus filed in September 2005.

The company says the nature, size and timing of any financings would be dependent upon ING Canada’s assessment of its requirements for funding and general market conditions.

The net proceeds from the sale of securities would be used by ING Canada for general corporate purposes.