Bond ING Groep N.V. 0% ( XS2630412596 ) in GBP

Issuer ING Groep N.V.
Market price 100 %  ⇌ 
Country  Netherlands
ISIN code  XS2630412596 ( in GBP )
Interest rate 0%
Maturity 23/05/2024 - Bond has expired



Prospectus brochure in PDF format is unavailable at this time
We will provide it as soon as possible

Minimal amount /
Total amount /
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.

**ING Bank N.V. Zero-Coupon Bond XS2630412596 Reaches Full Maturity and Redemption** A bond issued by ING Bank N.V., identified by its ISIN code XS2630412596, has successfully reached its scheduled maturity date of May 23, 2024, and has subsequently been fully repaid to its holders. Denominated in Great British Pounds (GBP), this debt instrument was characterized as a zero-coupon bond, meaning it carried a 0% interest rate and consequently did not provide periodic interest payments to investors throughout its tenure. Its return mechanism was therefore predicated solely on the repayment of the principal amount at its maturity. ING Bank N.V. is a prominent Dutch multinational banking and financial services corporation headquartered in Amsterdam, Netherlands. It stands as a leading global financial institution, offering a comprehensive suite of services that includes retail banking, direct banking, commercial banking, investment banking, and wholesale banking solutions. As the issuer of this bond, ING Bank N.V. has fulfilled its financial obligation stemming from its country of issuance, the Netherlands, by completing this redemption. At the point of its maturity and subsequent repayment, the bond's market price was observed at 100% of its face value, confirming its redemption at par. While the original specifications indicated a payment frequency of '1', this refers to the singular principal repayment event that is inherent to zero-coupon instruments, distinguishing them from bonds that disburse multiple coupon payments over their lifespan. The completion of this redemption process marks the successful conclusion of this specific debt obligation for ING Bank N.V. and provides financial finality for its former bondholders.