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 notable fixed-income instrument, identified by ISIN XS1241887840, issued by ING Bank, a prominent global financial institution headquartered in the Netherlands and a significant player in retail, wholesale, and corporate banking across numerous international markets, has successfully reached its maturity and been fully redeemed. This U.S. Dollar-denominated bond carried a significant annual interest rate of 16.1%, with coupon payments disbursed on a semi-annual basis. The total issuance volume for this particular security amounted to USD 1,000,000,000, designed for institutional and high-net-worth investors with a minimum lot size of USD 1,000,000. This bond achieved its maturity date on April 20, 2016, at which point it was trading at 100% of its principal value, confirming its repayment at par to its bondholders.
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