Debt securities ING Groep N.V.
ING Groep N.V. has issued several AT1 securities to strengthen its capital base, or that of the Bank. These AT1 securities are perpetual fixed income securities with callability features, structurally subordinated to the senior debt instruments issued by ING Groep N.V.
Due to the characteristics of these securities ING Groep N.V. is allowed to include AT1 securities in its capital for regulatory purposes. AT1 securities form an asset class in seniority and risk profile between equity and senior debt. The first column in the table below contains the terms and conditions per security.
Overview per AT1 security
|Date of issuance||Coupon||Initial Amount||first call date||called on||Listed on|
|16 Apr, 2015||6.500% (reset after the first call date)||$1,250,000,000||16 Apr, 2025||GEM of Euronext Dublin|
|21 Nov, 2016||6.875% (reset after the first call date)||$1,000,000,000||16 Apr, 2022||16 Apr, 2022||GEM of Euronext Dublin|
|26 Feb, 2019||6.750% (reset after the first call date)||$1,250,000,000||16 Apr, 2024||GEM of Euronext Dublin|
|10 Sep, 2019||5.750% (reset after the first call date)||$1,500,000,000||16 Nov, 2026||GEM of Euronext Dublin|
|28 Feb, 2020||4.875% (reset after 16 Nov, 2029)||$750,000,000||16 May, 2029*||GEM of Euronext Dublin|
|14 Sep, 2021||3.875% (reset after 16 Nov, 2027)||$1,000,000,000||16 May, 2027*||GEM of Euronext Dublin|
|14 Sep, 2021||4.25% (reset after 16 Nov, 2031)||$1,000,000,000||16 May, 2031*||GEM of Euronext Dublin|
|*includes 6mPC prior to first reset date|
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