Bond ING Groep N.V. 1.875% ( XS0935034651 ) in EUR

Issuer ING Groep N.V.
Market price 100 %  ⇌ 
Country  Netherlands
ISIN code  XS0935034651 ( in EUR )
Interest rate 1.875% per year ( payment 1 time a year)
Maturity 22/05/2023 - Bond has expired



Prospectus brochure of the bond ING Bank N.V XS0935034651 in EUR 1.875%, expired


Minimal amount /
Total amount /
Detailed description ING Bank N.V. is a multinational banking and financial services corporation headquartered in Amsterdam, Netherlands, offering a wide range of services including retail banking, wholesale banking, and investment banking globally.

The Bond issued by ING Groep N.V. ( Netherlands ) , in EUR, with the ISIN code XS0935034651, pays a coupon of 1.875% per year.
The coupons are paid 1 time per year and the Bond maturity is 22/05/2023







FINAL TERMS ­ SERIES 161
EXECUTION COPY

FINAL TERMS
Originally dated 17 May 2013 and amended and restated on 15 September 2015
ING Bank N.V.
(incorporated with limited liability under the laws of The Netherlands with its corporate seat in
Amsterdam)
Issue of EUR 1,250,000,000 1.875 per cent. Covered Bonds due 2023
Guaranteed as to payment of principal and interest by
ING Covered Bond Company B.V.
(incorporated with limited liability under the laws of The Netherlands with its corporate seat in
Amsterdam)
under the EUR 35,000,000,000 Hard and Soft Bullet Covered Bonds Programme
Part A -- Contractual Terms
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth
in the Base Prospectus dated 19 February 2013 (as supplemented on 25 February 2013 and 13 May
2013) which, together with the Registration Document of the Issuer dated 13 May 2013, constitutes
a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC), as amended
from time to time (the "Prospectus Directive"). This document constitutes the Final Terms of the
Covered Bonds described herein for the purposes of Article 5.4 of the Prospectus Directive and
must be read in conjunction with such Base Prospectus as so supplemented and the Registration
Document. Full information on the Issuer, the CBC and the offer of the Covered Bonds is only
available on the basis of the combination of these Final Terms, the Base Prospectus as so
supplemented and the Registration Document. The Base Prospectus as so supplemented and the
Registration Document are available for viewing at the ING website http://www.ing.com and during
normal business hours at ING Bank N.V., Foppingadreef 7, 1102 BD Amsterdam, The Netherlands
(Tel.: +31 (0) 20 563 8007).

1
(i)
Issuer:
ING Bank N.V.

(ii)
CBC:
ING Covered Bond Company B.V.
2
(i)
Series Number:
161

(ii)
Tranche Number:
1
3
Specified Currency or Currencies:
Euro ("EUR")
4
Aggregate Nominal Amount:


(i)
Series:
EUR 1,250,000,000

(ii)
Tranche:
EUR 1,250,000,000
5
Issue Price:
99.982 per cent. of the Aggregate Nominal
Amount
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6
(i) Specified Denominations:
EUR 100,000 and integral multiples of EUR
1,000 in excess thereof up to and including
EUR 199,000
No Covered Bonds in definitive form will be
issued with a denomination above EUR
199,000

(ii) Calculation Amount:
EUR 1,000
7
(i)
Issue Date:
22 May 2013

(ii)
Interest Commencement Date:
Issue Date
8
(i) Final Maturity Date:
22 May 2023

(ii) Bullet Maturity:
Soft

(iii) Extended Due for Payment Date:
Applicable. The Specified Interest Payment
Date falling on or nearest to 22 May 2024
9
Interest Basis:
1.875 per cent. Fixed Rate for the period
from, and including, the Interest
Commencement Date to, but excluding, the
Final Maturity Date (further particulars
specified in paragraph 14 below)
From, and including, the Extension Date in
respect of the Covered Bonds described
herein (if applicable) to, but excluding, the
Extended Due for Payment Date (unless the
Guaranteed Final Redemption Amount in
respect of the Covered Bonds described
herein is paid in full prior to such date), one
month EURIBOR plus the Margin (further
particulars specified in paragraph 15 below)
10 Redemption/Payment Basis:
Subject to any purchase and cancellation or
early redemption, the Covered Bonds will be
redeemed on the Final Maturity Date at 100
per cent. of their nominal amount
11 Change of Interest Basis:
In accordance with paragraphs 14 and 15
below
12 Call Options:
Not Applicable
13 (i) Status of the Covered Bonds:
Unsubordinated, unsecured, guaranteed

(ii) Status of the Guarantee:
Unsubordinated, secured (indirectly, through a
parallel debt), unguaranteed
Provisions Relating to Interest (if any) Payable
14 Fixed Rate Covered Bond Provisions:
Applicable

(i) Rate of Interest:
1.875 per cent. per annum payable annually in
arrear on each Interest Payment Date set out in
paragraph 14 (iii) below
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(ii) Interest Payment Date(s):
22 May in each year up to and including the
Final Maturity Date

(iii) Fixed Coupon Amount(s):
EUR 18.75 per Calculation Amount

(iv) Broken Amount(s):
Not Applicable

(v) Day Count Fraction:
Actual/Actual (ICMA)

(vi) Determination Date(s):
22 May in each year
15 Floating Rate Covered Bond
Applicable
Provisions

(i) Interest Period(s):
The period from, and including, a Specified
Interest Payment Date (or the Extension Date
in respect of the Covered Bonds described
herein (if applicable)) to, but excluding, the
next Specified Interest Payment Date (or the
First Interest Payment Date set out in
paragraph 15 (iii) below


(ii) Specified Interest Payment Dates:
The 22nd of each month, from, and including,
the First Interest Payment Date specified
below up to, and including, the earlier of: (i)
the Extended Due for Payment Date and (ii)
the date on which the Guaranteed Final
Redemption Amount in respect of the Covered
Bonds described herein is paid in full, subject
to adjustment in accordance with the Business
Day Convention set out in paragraph 15 (iv)
below


(iii) First Interest Payment Date:
22 June 2023, provided that the Extension
Date occurs in respect of the Covered Bonds
described herein


(iv) Business Day Convention:
Following Business Day Convention


(v) Additional Business Centre(s):
No Additional Business Centre(s)

(vi) Manner in which the Rate(s) of
Screen Rate Determination
Interest and Interest Amount(s)
is/are to be determined:

(vii) Party responsible for calculating the
Not Applicable
Rate(s) of Interest and/or Interest
Amount(s) (if not the Principal
Paying Agent):

(viii) Screen Rate Determination:
Yes


-- Reference Rate:
1 Month EURIBOR
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-- Interest Determination Date(s):
The second day on which the TARGET
System is open prior to the start of each
Interest Period

-- Relevant Screen Page:
Reuters EURIBOR01

(ix) ISDA Determination:
Not Applicable

(x) Margin(s):
+ 0.26 per cent. per annum

(xi) Minimum Rate of Interest:
0 per cent. per annum

(xii) Maximum Rate of Interest:
Not Applicable

(xiii) Day Count Fraction:
Actual/360

16 Zero Coupon Covered Bond Provisions Not Applicable
Provisions Relating to Redemption
17 Issuer Call
Not Applicable
18 Final Redemption Amount of each
EUR 1,000 per Calculation Amount
Covered Bond
19 Early Redemption Amount of each

Covered Bond

Early Redemption Amount(s) per
As specified in Condition 6(d)(i)
Calculation Amount payable on
redemption for taxation reasons, or on
acceleration following an Issuer Event of
Default as against the Issuer or a CBC
Event of Default or other early
redemption:
General Provisions Applicable to the Covered Bonds
20 Form of Covered Bonds:
Bearer form


Temporary
Global
Covered
Bond
exchangeable for a Permanent Global
Covered Bond which is exchangeable for
Bearer Definitive Covered Bonds only upon
an Exchange Event, subject to mandatory
provisions
of
applicable
laws
and
regulations
21 New Global Note
Yes
22 Exclusion of set-off
Not applicable
23 Additional Financial Centre(s):
Not Applicable

24 Talons for future Coupons to be attached to No
Bearer Definitive Covered Bonds (and
dates on which such Talons mature):
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25 Consolidation provisions:
Not Applicable
Responsibility
The Issuer and the CBC (as far as it concerns the CBC) accept responsibility for the information
contained in these Final Terms.
Signed on behalf of the Issuer:
Signed on behalf of the CBC:


By:
.......................................................................
B y:
......................................................................
Duly authorised
Duly authorised


By:
.......................................................................
B y:
......................................................................
Duly authorised
Duly authorised


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PART B -- OTHER INFORMATION
1
LISTING AND ADMISSION TO

TRADING

(i) Listing
Euronext Amsterdam

(ii) Admission to trading:
Application has been made by the Issuer (or
on its behalf) for the Covered Bonds to be
admitted to trading on Euronext Amsterdam
with effect from 22 May 2013

(iii) Estimate of total expenses related to EUR 7,000
admission to trading:
2
RATINGS


Ratings:
The Covered Bonds to be issued are expected
to be rated:


Moody's:
Aaa


Standard & Poor's:
AAA


Fitch:
AAA


Moody's Investors Service Ltd, Standard &
Poor's Credit Market Services Europe
Limited and Fitch Ratings Ltd. are
established in the European Union and
registered under Regulation (EC) No
1060/2009
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in Section 1.5 (Subscription and Sale) of the Base Prospectus, so far as
the Issuer is aware, no person involved in the issue of the Covered Bonds has an interest
material to the offer.
4
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL
EXPENSES

(i)
Reasons for the offer:
The net proceeds of the issue will be applied
by the Issuer for its general corporate
purposes

(ii)
Estimated net proceeds:
EUR 1,245,712,500

(iii)
Estimated total expenses:
EUR 7,000
5
YIELD (Fixed Rate Covered Bonds only)

Indication of yield:
1.877 per cent.


The yield is calculated at the Issue Date on
the basis of the Issue Price and assuming
redemption on the Final Maturity Date. It is
not an indication of future yield.
If the floating rate provisions set out in
paragraph 15 above apply: details of historic
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EURIBOR rates can be obtained from
Reuters.
6
OPERATIONAL INFORMATION


(i) ISIN Code:
XS0935034651

(ii) Common Code:
093503465

(iii) New Global Note intended to be held Yes
in a manner which would allow Note that the designation "Yes" does not
Eurosystem eligibility:
necessarily mean that the Covered Bonds will
be recognised as eligible collateral for
Eurosystem monetary policy and intra-day
credit operations by the Eurosystem either
upon issue or at any or all times during their
life. Such recognition will depend upon
satisfaction of the Eurosystem eligibility
criteria.
The Covered Bonds will be deposited initially
upon issue with one of the ICSDs acting as
common safekeeper.

(iv) Any clearing system(s) other than Not Applicable
Euroclear
Bank
S.A./N.V.
and
Clearstream
Banking,
société
anonyme
and
the
relevant
identification number(s):

(v) Delivery:
Delivery against payment

(vi) Names and addresses of additional Not Applicable
Paying Agent(s) (if any (including any
Swiss Paying Agents)):
7
DISTRIBUTION


(i) Method of distribution:
Syndicated

(ii) If syndicated:


(A) Names of Managers:
Lead Managers:
BNP
Paribas,
Commerzbank
Aktiengesellschaft, HSBC France and ING
Bank N.V.
Co-Lead Managers:
Barclays Bank PLC, Bayerische Landesbank,
Banco Bilbao Vizcaya Argentaria, S.A., DZ
BANK
AG,
Deutsche
Zentral-
Genossenschaftsbank, Frankfurt am Main,
Landesbank Baden-Württemberg, NATIXIS
and Norddeutsche Landesbank Girozentrale

(B) Stabilising Manager(s) (if any)
ING Bank N.V.

(iii) If non-syndicated, name of Dealer
Not Applicable
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(iv) U.S. Selling Restrictions:
Reg S Compliance Category 2; TEFRA D

(v) ERISA
No

(vi) Applicable Netherlands / Global As set out in the Base Prospectus
selling restriction:

(vii) Additional selling restrictions:
Applicable. Until the expiry of the period of
40 days after 15 September 2015, sales of the
Covered Bonds described herein may not be
made in the United States or to U.S. persons
(as defined in Regulation S under the United
States Securities Act of 1933, as amended
(the "Securities Act")) unless made outside
the United States pursuant to Rule 903 and
904 of Regulation S (as defined in the
Securities Act).




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