Bond ING Groep 1.375% ( USN528AHAB23 ) in USD

Issuer	ING Groep
Market price	100 % ⇌
Country	Netherlands
ISIN code	USN528AHAB23 ( in USD )
Interest rate	1.375% per year ( payment 2 times a year)
Maturity	07/03/2016 - Bond has expired
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Minimal amount	1 000 USD
Total amount	500 000 000 USD
Cusip	N528AHAB2
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. The financial markets observed the successful conclusion of a specific bond issuance by ING Bank, a globally recognized financial institution with its origins and headquarters in the Netherlands, specializing in banking, insurance, and asset management services worldwide. This particular fixed-income instrument, identified by its ISIN code USN528AHAB23 and CUSIP code N528AHAB2, was a U.S. dollar-denominated bond that offered investors a coupon rate of 1.375%. The total volume of this issuance was substantial, reaching USD 500,000,000, with an accessibility threshold for investors set at a minimum purchase size of USD 1,000. Interest payments were scheduled twice per annum, providing regular income to bondholders. The bond reached its pre-defined maturity date on March 7, 2016. As expected and consistent with its terms, this obligation was fully repaid to investors, reflecting a redemption at 100% of its principal value, thereby concluding its life cycle in the fixed-income market.