Bond ING Groep N.V. 0% ( XS2550378546 ) in EUR

Issuer	ING Groep N.V.
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2550378546 ( in EUR )
Interest rate	0%
Maturity	27/03/2023 - Bond has expired
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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 specific debt instrument, identified by ISIN XS2550378546 and issued by ING Bank N.V., has recently completed its lifecycle, reaching its maturity date of March 27, 2023, and subsequently undergoing full redemption. ING Bank N.V., the issuer, is a prominent global financial institution headquartered in the Netherlands, serving as the banking arm of the larger ING Group, which operates worldwide with a strong focus on retail, commercial, and wholesale banking, renowned for its digital innovation and significant market footprint across Europe and beyond. This particular fixed-income security, denominated in Euros (EUR), was notably structured as a zero-coupon bond, signifying that it carried a zero percent interest rate and, consequently, investors did not receive periodic interest payments, with its value derived instead from the principal repayment at maturity. At the point of its maturity, the bond was quoted at 100% of its nominal value in the market, confirming its redemption at par, which means that the principal amount was fully reimbursed to its holders on the scheduled date, thus concluding its term in the financial markets in a standard and orderly manner.