Bond ING Groep N.V. 0% ( XS2804546211 ) in EUR

Issuer	ING Groep N.V.
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2804546211 ( in EUR )
Interest rate	0%
Maturity	11/10/2024 - 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. A specific debt instrument issued by ING Bank N.V., identified by the ISIN code XS2804546211, has successfully reached its maturity and been fully repaid, concluding its lifecycle as of October 11, 2024. This zero-coupon bond, denominated in Euros (EUR), was characterized by a 0% interest rate, meaning it did not offer periodic interest payments to its holders. Upon its maturity on the specified date, the bond was redeemed at 100% of its par value, reflecting the complete return of principal to investors. ING Bank N.V., the issuer, is a globally recognized financial institution headquartered in the Netherlands, operating as a multinational banking and financial services corporation. It offers a comprehensive suite of services, including retail banking, direct banking, commercial banking, investment banking, asset management, and insurance, maintaining a significant footprint across various continents. The issuance of bonds like XS2804546211 from its Dutch base is a routine part of ING's capital management and funding strategies, providing the necessary liquidity to support its extensive operations. The successful and timely repayment of this obligation at its stipulated 100% market price at maturity reaffirms ING Bank N.V.'s commitment to its financial obligations.