Bond ING Groep 0% ( XS2174437769 ) in GBP

Issuer	ING Groep
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2174437769 ( in GBP )
Interest rate	0%
Maturity	10/05/2021 - Bond has expired
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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. This financial instrument, identified by ISIN code XS2174437769, was a bond issued by ING Bank, a prominent global financial institution of Dutch origin and a key operating entity within the broader ING Group, renowned for its extensive range of banking services across retail, commercial, and investment sectors internationally. The bond, denominated in Great British Pounds (GBP) and issued from the Netherlands, was characterized by a zero-percent interest rate, indicating its structure as a zero-coupon instrument with no periodic interest payments. With a maturity date set for May 10, 2021, and a stated payment frequency of one, signifying a single principal repayment event, the bond indeed reached its full term on the specified date. Upon its maturity, the bond was fully repaid at 100% of its principal value, concluding its lifecycle as a debt obligation and confirming the successful redemption of the security by ING Bank.