Bond ING Groep 0% ( XS2445780047 ) in USD

Issuer	ING Groep
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2445780047 ( in USD )
Interest rate	0%
Maturity	18/03/2037
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Minimal amount	1 000 000 USD
Total amount	10 000 000 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. A fixed-income instrument identified by ISIN XS2445780047 is an obligation issued by ING Bank, a prominent global financial institution headquartered in the Netherlands, renowned for its extensive operations spanning retail, wholesale, and direct banking across numerous international markets. This specific bond, originating from the Netherlands and denominated in USD, is currently quoted at its par value of 100% and carries a stated interest rate of 0%, indicating it functions as a zero-coupon bond. With a substantial total issuance size of $10,000,000 and a high minimum purchase requirement of $1,000,000, the instrument is set to mature on March 18, 2037, with its noted payment frequency of 2 reflecting standard data fields rather than periodic interest distributions given its zero-coupon structure, where the primary return for investors would typically be realized upon maturity.