| Press release, Strategy
ING to redeem USD 522 million Additional Tier 1 instrument
ING Group announced today it will redeem all outstanding USD 522 million of 8.439% non-cumulative guaranteed trust preferred securities, issued by ING Capital Funding Trust III, on 30 September 2017, in line with ING’s goal to continuously optimize its capital structure. The initial size of the security was USD 1,500 million and the bond was subject to a tender offer in 2011.