ING to redeem USD 500 million 6.2% Perpetual Debt Securities
Amsterdam, 13 September 2017, 22:43 CET
ING Group announced today it will redeem USD 500 million of 6.2% Perpetual Debt Securities on the call date being 15 October 2017, in line with ING’s goal to continuously optimize its capital structure.
The securities (CUSIP 456837400; ISP) will be redeemed in full in accordance with their terms, with payment to be made on 16 October 2017, the first business day after the call date. The redemption price will be USD 25.00 per USD 25.00 principal amount security. Accrued and unpaid interest due on the redemption date will be paid in the usual manner, to holders of
record as of 1 October 2017. The paying agent for the securities is The Bank of New York Mellon, 101 Barclay Street, Floor 7E, New York, New York 10286.
Any future decisions by ING as to whether it will exercise (or cause to be exercised) calls in respect of debt securities will be made on an economic basis, taking into account the interests of all stakeholders. Other factors that ING will consider include prevailing market conditions, regulatory approval and capital requirements.
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