Bond ING Groep N.V. 0.678% ( XS1143503891 ) in GBP

Issuer	ING Groep N.V.
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS1143503891 ( in GBP )
Interest rate	0.678% per year ( payment 4 times a year)
Maturity	26/11/2017 - Bond has expired
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Minimal amount	100 000 GBP
Total amount	250 000 000 GBP
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. A fixed-income security identified by ISIN XS1143503891, issued by ING Bank N.V., a prominent Dutch multinational banking and financial services corporation headquartered in the Netherlands, successfully concluded its lifecycle, having matured and been fully repaid on November 26, 2017. This specific bond, denominated in Great British Pounds (GBP), featured a coupon interest rate of 0.678% with interest payments disbursed quarterly. The total issuance size for this instrument was £250,000,000, with a minimum investment denomination set at £100,000. At its maturity, the bond was redeemed at 100% of its par value, underscoring the fulfillment of its obligations. ING Bank N.V., as the issuing entity, is a cornerstone of the global financial sector, providing a comprehensive range of services including retail banking, direct banking, commercial banking, and investment banking across numerous countries. Its robust presence in capital markets, exemplified by issuances such as this bond, reflects its strategic approach to funding and liquidity management. The successful maturity and redemption of ISIN XS1143503891 serve as a clear illustration of the predictable lifecycle and reliable nature of fixed-income instruments, where principal and accrued interest are returned to investors upon the specified maturity date.