ING to Redeem Senior Notes
ING has declared its plans to redeem two significant series of outstanding Senior Notes registered with the SEC. These include a callable floating rate senior note valued at USD 500 million and a callable fixed-to-floating rate senior note worth USD 1,250 million. Both series are expected to be redeemed on March 28, 2025.
Details of the Redemption
The forthcoming redemption will fully comply with the terms associated with these financial instruments. As per the outlined schedule, payments will take place on the scheduled call date, March 28, 2025. Holders of record as of March 27, 2025, will receive the principal amount back, along with any accrued interest that has not been paid yet.
Future Call Decisions
Looking ahead, any future decisions made by ING regarding the exercise of calls on its debt securities will prioritize economic factors. This will ensure the best interests of all stakeholders are considered, while factoring in various aspects such as current market conditions, regulatory compliance, and the organization’s capital needs.
Communication and Contact Details
For inquiries, interested parties can reach Christoph Linke via email or phone. The Investor Relations team is ready to assist potential investors or interested parties seeking more information. Email inquiries can be directed to Investor.Relations@ing.com.
Understanding ING Bank
ING operates as a global financial institution with a significant presence throughout Europe. Through its banking entity, ING Bank, it strives to empower individuals and businesses, aiding clients in staying ahead financially. With over 60,000 devoted employees, ING serves customers in more than 100 countries, providing an extensive array of retail and wholesale banking services.
Sustainability Commitment
ING firmly places sustainability at the core of its operations. This commitment is reflected in the organization's practices and policies, which are evaluated by independent research and ratings organizations. As of August 2024, MSCI re-confirmed an 'AA' ESG rating for ING for five consecutive years, showcasing the bank’s dedication to responsible banking practices.
ESG Ratings and Indexes
ING's management effectively addresses ESG risks, placing it in the 'Strong' category by Sustainalytics. Furthermore, ING Group shares are included in many major sustainability and ESG indices led by renowned providers like FTSE Russell and Morningstar, exemplifying its commitment to environmentally and socially responsible investing.
Important Legal Considerations
Legal disclosures regarding ING Groep N.V. and ING Bank N.V. are integral, as certain elements of this announcement may contain forward-looking statements tied to management's assumptions and market conditions. Various risks may impact actual results, including economic shifts and regulatory changes, necessitating careful consideration by investors.
Frequently Asked Questions
What are the Callable Senior Notes that ING is redeeming?
ING is redeeming USD 500 million in callable floating rate senior notes and USD 1,250 million in callable fixed-to-floating rate senior notes.
When will these notes be redeemed?
The notes are scheduled to be redeemed on March 28, 2025.
Who can I contact for press and investor inquiries?
Contact Christoph Linke for any press inquiries or reach out to the Investor Relations team via the specified email address.
What is ING's focus on sustainability?
ING aims to integrate sustainability into its core operations and has received high ESG ratings from independent organizations.
What are the implications for investors?
Investors should consider these developments in their financial strategies and stay informed regarding ING’s compliance and economic decisions moving forward.
