Bond ING Groep N.V. 0% ( XS2774938703 ) in USD

Issuer	ING Groep N.V.
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2774938703 ( in USD )
Interest rate	0%
Maturity	23/09/2024 - 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. The financial markets have recently seen the conclusion of a specific debt instrument, identified by its ISIN Code XS2774938703, which was issued by ING Bank N.V., a prominent Dutch multinational banking and financial services corporation headquartered in the Netherlands. This bond, denominated in United States Dollars (USD), featured a 0% interest rate, indicating it was likely a zero-coupon bond or a principal-only repayment security, and was trading at 100% of its par value prior to its redemption. With its maturity date set for September 23, 2024, and a standard payment frequency of two times per year (though not applicable for coupon payments in this zero-interest structure), this obligation has now officially matured and has been fully repaid by ING Bank N.V., successfully concluding its lifecycle within the fixed-income portfolio.