ING to Redeem EUR 600 million in ING Perpetual Securities
Amsterdam, 24 August 2006 - ING Group plans to redeem EUR 600 million in ING Perpetual Securities (I) on 28 September 2006. The securities were issued in September 2001 to private investors in the Netherlands and pay a coupon of 6.50%. The redemption will take place by exercising a call option and the transaction is part of normal capital management activities.
The ING Perpetual (I) will be redeemed in whole at the par value of EUR 100 per security plus the outstanding quarterly interest payment as of the redemption date.
ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries.
With a diverse workforce of about 115,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.
- Contact Information
- Dorothy Hillenius
- Press enquiries
- ING Group
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.