Bond ING Groep N.V. 0% ( XS2616434309 ) in GBP

Issuer	ING Groep N.V.
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2616434309 ( in GBP )
Interest rate	0%
Maturity	24/04/2024 - 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. This financial article details a recently matured debt instrument identified by the ISIN code XS2616434309, which was issued by ING Bank N.V., a prominent global financial institution headquartered in the Netherlands and recognized for its extensive range of banking services including retail, direct, commercial banking, and asset management across numerous international markets. Denominated in Great British Pounds (GBP), this bond featured a 0% interest rate, classifying it as a zero-coupon instrument, meaning investors did not receive periodic interest payments but anticipated a single principal repayment at maturity. The bond reached its maturity on April 24, 2024, at which point it was trading at 100% of its par value, and has subsequently been fully redeemed, confirming the successful repayment of principal to its bondholders.