Bond ING Groep 0% ( XS2569725497 ) in USD

Issuer	ING Groep
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2569725497 ( in USD )
Interest rate	0%
Maturity	09/02/2033
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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. This financial article provides details on a bond (ISIN: XS2569725497) issued by ING Bank, a leading global financial institution of Dutch origin known for its comprehensive banking services spanning retail, commercial, and wholesale sectors, which is domiciled in the Netherlands as its country of issuance; the USD-denominated bond, currently quoted at a market price of 100%, is scheduled to mature on February 9, 2033, and is notably characterized by a 0% interest rate, implying no periodic coupon payments, while its total issue size amounts to USD 10,000,000, with a minimum purchase size set at USD 1,000,000, and although a payment frequency of two (semi-annually) is indicated, this typically refers to coupon distributions which are not applicable for this particular instrument due to its stated 0% interest rate.