ING Groep N.V. announced it will redeem two series of outstanding SEC registered securities: the USD 400 million Callable Floating Rate Senior Notes (CUSIP 456837 AX1 /ISIN US456837AX12) and the USD 1,100 million 1.726% Callable Fixed-to-Floating Rate Senior Notes (CUSIP 456837 AV5/ISIN US456837AV55) (together the ?Callable Senior Notes?) on their contractual call date of April 1, 2026. The Callable Senior Notes will be redeemed in full in accordance with their terms, with payment to be made on April 1, 2026. The redemption price for the Callable Senior Notes will be the principal amount of the Callable Senior Notes.
Accrued and unpaid interest due on the redemption date will be paid in the usual manner to holders of record as of March 31, 2026. The paying agent for the Callable Senior Notes Securities is The Bank of New York Mellon, London Branch 160 Queen Victoria Street London EC4V 4LA United Kingdom. In addition, ING announced its intention to redeem the EUR 1,500 million 2.125% Fixed Rate Subordinated Tier 2 Notes (XS2176621170) (the ?T2 Notes?) on the next contractual reset date of May 26, 2026.
With regards to the T2 Notes, ING has obtained supervisory permission from the European Central Bank to redeem the T2 Notes and intends to do this in full accordance with the terms and conditions of the T2 Notes on the reset date being May 26, 2026. A notice to noteholders will be shared via the ICSD?s and published on Tier 2 bonds | ING, not less than 15 nor more than 30 days? prior to the relevant Optional Redemption Date as specified in such notice.
Any future decisions by ING as to whether it will exercise (or cause to be exercised) calls in respect of some or all of any series of its then outstanding debt securities will be made on an economic basis, taking into account the interests of all stakeholders. Other factors that ING will consider in determining whether to exercise (or cause to be exercised) a call in respect of some or all of any series of its then outstanding debt securities include prevailing market conditions, regulatory approval and capital requirements.
