Bond ING Groep 0% ( XS2368677063 ) in USD

Issuer	ING Groep
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2368677063 ( in USD )
Interest rate	0%
Maturity	30/10/2028
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Minimal amount	1 000 USD
Total amount	50 000 000 USD
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. An analysis of the bond identified by ISIN XS2368677063 reveals a distinctive financial instrument issued by ING Bank, a globally recognized Dutch multinational banking and financial services corporation. Headquartered in Amsterdam, the Netherlands, ING Bank operates across a broad spectrum of financial services including retail banking, direct banking, commercial banking, investment banking, wholesale banking, and asset management. With a significant footprint across Europe, North America, Latin America, and Asia, ING Bank is known for its strong financial health and innovation in digital banking, lending a robust issuer profile to its debt offerings. This particular bond, denominated in US Dollars (USD), represents a total issuance size of $50,000,000, with a relatively accessible minimum purchase threshold set at $1,000, catering to a range of institutional and individual investors. A notable characteristic of this bond is its stated interest rate of 0%, indicating it functions as a zero-coupon bond. Traditionally, zero-coupon bonds are purchased at a discount to their face value, with the investor's return realized as the difference between the discounted purchase price and the full par value received at maturity. However, this bond is currently trading on the market at 100% of its par value. Given its 0% interest rate and current market price at par, investors acquiring this bond at the present valuation would effectively realize no yield upon its maturity on October 30, 2028. While a payment frequency of two times per year is stipulated, this typically pertains to the distribution of coupon payments; for a zero-coupon bond with a 0% interest rate, no periodic cash distributions would occur. The bond's current pricing at par, despite its zero-coupon nature and a remaining maturity of several years, suggests a unique positioning within the market, potentially serving specific portfolio strategies or reflecting an original issuance at par for a purpose other than yielding returns through conventional interest payments.