ING to redeem USD 500 million 6.2% Perpetual Debt Securities
(Thomson Reuters ONE) -
ING Group announced today it will redeem USD 500 million of 6.2% Perpetual Debt
Securities on the call date being 15 October 2017, in line with ING's goal to
continuously optimize its capital structure.
The securities (CUSIP 456837400; ISP) will be redeemed in full in accordance
with their terms, with payment to be made on 16 October 2017, the first business
day after the call date. The redemption price will be USD 25.00 per USD 25.00
principal amount security. Accrued and unpaid interest due on the redemption
date will be paid in the usual manner, to holders of record as of 1 October
2017. The paying agent for the securities is 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 ing.yourmediakit.com or can be
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Press enquiries Investor enquiries
Christoph Linke ING Group Investor Relations
+31 20 576 4315 +31 20 576 6396
Christoph.Linke(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
more than 51,000 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, INGA.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.
Projects may be subject to regulatory approvals.
ING Group's annual accounts are prepared in accordance with International
Financial Reporting Standards as adopted by the European Union ('IFRS-EU'). In
preparing the financial information in this document, except as described
otherwise, the same accounting principles are applied as in the 2016 ING Group
consolidated annual accounts. All figures in this document are unaudited.
Small differences are possible in the tables due to rounding.
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 a number of factors, including, 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) potential consequences of European Union countries leaving the European
Union or a break-up of the euro, (4) changes in the availability of, and costs
associated with, sources of liquidity such as interbank funding, as well as
conditions in the credit and capital markets generally, including changes in
borrower and counterparty creditworthiness, (5) changes affecting interest
rate levels, (6) changes affecting currency exchange rates, (7) changes in
investor and customer behaviour, (8) changes in general competitive factors,
(9) changes in laws and regulations and the interpretation and application
thereof, (10) geopolitical risks and policies and actions of governmental and
regulatory authorities, (11) changes in standards and interpretations under
International Financial Reporting Standards (IFRS) and the application
thereof, (12) conclusions with regard to purchase accounting assumptions and
methodologies, and other changes in accounting assumptions and methodologies
including changes in valuation of issued securities and credit market
exposure, (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) the outcome of current and future legal
and regulatory proceedings, (16) ING's ability to achieve its strategy,
including projected operational synergies and cost-saving programmes and (17)
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. Many of those factors are beyond ING's control.
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.
ING to redeem USD 500 million 6.2% Perpetual Debt Securities:
http://hugin.info/130668/R/2133941/816407.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ING Group via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.09.2017 - 22:42 Uhr
Sprache: Deutsch
News-ID 559856
Anzahl Zeichen: 7414
contact information:
Town:
Amsterdam
Kategorie:
Business News
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