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ItalianoBond ING Bank 0% ( USN45780CX40 ) in USD
| Issuer | ING Bank | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country |  Netherlands
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| ISIN code |
 USN45780CX40 ( in USD )
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| Interest rate | 0% | ||||||
| Maturity | 15/08/2019 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 200 000 USD | ||||||
| Total amount | 250 000 000 USD | ||||||
| Cusip | N45780CX4 | ||||||
| Standard & Poor's ( S&P ) rating | A+ ( Upper medium grade - Investment-grade ) | ||||||
| Moody's rating | N/A | ||||||
| Detailed description |
ING Bank is a multinational banking and financial services corporation headquartered in Amsterdam, offering a wide range of banking products and services to individuals and businesses globally. A detailed financial overview reveals the former existence of a significant debt instrument: a bond issued by **ING Bank**, a global financial institution of Dutch origin, headquartered in the Netherlands, recognized for its extensive banking and financial services. This specific fixed-income security, uniquely identified by ISIN **USN45780CX40** and CUSIP **N45780CX4**, was a USD-denominated obligation with an initial total issue size of **$250,000,000**. Characterized as a zero-coupon bond, it carried an interest rate of **0%**, meaning it did not provide periodic interest payments, with its returns typically realized through a discount on the principal paid at issuance and the full face value received at maturity. The bond matured on **August 15, 2019**, at which point it was fully redeemed at its par value of **100%** of the principal amount. Structured primarily for institutional investors, the minimum purchase size for this instrument was set at **$200,000**. Prior to its maturity and redemption, this issuance, or more broadly its issuer ING Bank, held a robust credit rating of **A+** from Standard & Poor's (S&P), reflecting a strong capacity to meet its financial commitments. Although a payment frequency of 2 was indicated in the bond's specifications, this metric primarily pertains to periodic coupon distributions, which were not applicable to this zero-coupon instrument; the principal payment was the sole disbursement at its maturity. |
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