Bond ING Groep 2.98% ( XS2596310685 ) in EUR

Issuer	ING Groep
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2596310685 ( in EUR )
Interest rate	2.98% per year ( payment 1 time a year)
Maturity	17/10/2023 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	41 800 000 EUR
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 report details the successful maturity and redemption of a bond issued by ING Bank, identified by ISIN XS2596310685. ING Bank, a globally recognized financial institution headquartered in the Netherlands, stands as a prominent player in the banking sector, offering a wide array of services from retail banking to corporate finance across numerous international markets. The bond in question, denominated in Euros (EUR), featured an annual interest rate of 2.98%, with coupon payments disbursed once a year, providing a consistent return for investors throughout its lifecycle. Originally issued with a total size of EUR 41,800,000, this particular debt instrument had a minimum lot size of EUR 100,000 for acquisition. Having been issued from the Netherlands, the bond reached its scheduled maturity date on October 17, 2023. At this point, in accordance with its terms, the bond was fully repaid at 100% of its nominal value, signifying a complete and successful return of principal to its holders and concluding its operational phase in the financial market.