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Debt securities ING Groep N.V. - AT1 - New

16 February 2023 ... min read

AT1 securities

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

ISIN code/
CUSIP code/
Ticker
Date of issuance Coupon Initial Amount first call date called on Listed on

US456837AR44
456837AR4
10 Sep, 2019 5.750% (reset after the first call date) $1,500,000,000 16 Nov, 2026   GEM of Euronext Dublin

XS2122174415
28 Feb, 2020 4.875% (reset after 16 Nov, 2029) $750,000,000 16 May, 2029*   GEM of Euronext Dublin

US456837AY94
14 Sep, 2021 3.875% (reset after 16 Nov, 2027) $1,000,000,000 16 May, 2027*   GEM of Euronext Dublin

US456837AZ69
14 Sep, 2021 4.25% (reset after 16 Nov, 2031) $1,000,000,000 16 May, 2031*   GEM of Euronext Dublin

XS2585240984
14 Feb, 2023 7.5% (reset after 16 Nov, 2028) $1,000,000,000 16 May, 2028*   GEM of Euronext Dublin

XS2761357594
12 Feb, 2024 8.0% (reset after 16 Nov, 2030) $1,250,000,000 16 May 2030*   GEM of Euronext Dublin

XS2885225966
12 Sep, 2024 7.25% $1,000,000,000 16 Nov, 2034   GEM of Euronext Dublin
*includes 6mPC prior to first reset date

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