ING to call USD 800 million 7.05% perpetual on 15 September 2016
August 11 2016 - 4:21PM
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.
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Press enquiries
Investor
enquiries Raymond Vermeulen
ING Group Investor
Relations +31 20 576 6369
+31 20 576
6396 Raymond.vermeulen@ing.com
Investor.Relations@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.
HUG#2034475
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