ING to call USD 800 million 7.05% perpetual on 15 September 2016
(Thomson Reuters ONE) -
ING Group announced today it will redeem USD 800 million 7.05% ING Perpetual
Debt Securities on the call date of 15 September 2016, in line with ING's goal
to continuously optimize its capital structure.
The securities (CUSIP: 456837202) will be redeemed in full on the redemption
date which is 15 September 2016. The redemption price payable for the securities
on the redemption date will equal 100% of the aggregate principal amount of the
securities, plus accrued and unpaid interest to and including the redemption
date. The name and address of the paying agent for the securitiesis The Bank of
New York Mellon, 101 Barclay Street, Floor 7E, New York, New York 10286.
Any future decisions by ING as to whether it will exercise (or cause to be
exercised) calls in respect of debt securities will be made on an economic
basis, taking into account the interests of all stakeholders. Other factors that
ING will consider include prevailing market conditions, regulatory approval and
capital requirements.
Note for editors
For further information on ING, please visit www.ing.com. Frequent news updates
can be found in the Newsroom or via the (at)ING_news Twitter feed. Photos of ING
operations, buildings and its executives are available for download at Flickr.
Footage (B-roll) of ING is available via videobankonline.com, or can be
requested by emailing info(at)videobankonline.com. ING presentations are available
at SlideShare.
Press enquiries Investor enquiries
Raymond Vermeulen ING Group Investor Relations
+31 20 576 6369 +31 20 576 6396
Raymond.vermeulen(at)ing.com Investor.Relations(at)ing.com
ING PROFILE
ING is a global financial institution with a strong European base, offering
banking services through its operating company ING Bank. The purpose of ING
Bank
is empowering people to stay a step ahead in life and in business. ING Bank's
52,000 employees offer retail and wholesale banking services to customers in
over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA NA, ING.AS),
Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's corporate strategy, which is
evidenced by ING Group shares being included in the FTSE4Good index and in
the Dow Jones Sustainability Index (Europe and World) where ING is among the
leaders in the Banks industry group.
IMPORTANT LEGAL INFORMATION
Elements of this press release contain or may contain information about ING
Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU
Regulation No 596/ 2014.
Certain of the statements contained herein are not historical facts, including,
without limitation, certain statements made of future expectations and other
forward-looking statements that are based on management's current views and
assumptions and involve known and unknown risks and uncertainties that
could cause actual results, performance or events to differ materially from
those expressed or implied in such statements. Actual results, performance or
events may differ materially from those in such statements due to, without
limitation: (1) changes in general economic conditions, in particular economic
conditions in ING's core markets, (2) changes in performance of financial
markets, including developing markets, (3) consequences of a potential
(partial)
break-up of the euro, (4) potential consequences of European Union countries
leaving the European Union, (5) changes in the availability of, and costs
associated with, sources of liquidity such as interbank funding, as well as
conditions in the credit markets generally, including changes in borrower and
counterparty creditworthiness, (6) changes affecting interest rate levels, (7)
changes affecting currency exchange rates, (8) changes in investor and customer
behaviour, (9) changes in general competitive factors, (10) changes in laws and
regulations, (11) changes in the policies of governments and/or
regulatory authorities, (12) conclusions with regard to purchase accounting
assumptions and methodologies, (13) changes in ownership that could affect the
future availability to us of net operating loss, net capital and built-in loss
carry forwards, (14) changes in credit ratings, (15) ING's ability to achieve
projected
operational synergies and (16) the other risks and uncertainties detailed in the
most recent annual report of ING Groep N.V. (including the Risk Factors
contained therein) and ING's more recent disclosures, including press releases,
which are available on www.ING.com. Any forward looking statements made by
or on behalf of ING speak only as of the date they are made, and, ING assumes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information or for any other reason.
This document does not constitute an offer to sell, or a solicitation of an
offer to purchase, any securities in the United States or any other
jurisdiction.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ING Group via GlobeNewswire
[HUG#2034475]
Unternehmensinformation / Kurzprofil:
Datum: 11.08.2016 - 22:15 Uhr
Sprache: Deutsch
News-ID 488785
Anzahl Zeichen: 6090
contact information:
Town:
Amsterdam
Kategorie:
Business News
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