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INGBank FRN 29

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Overview
Analysis

Key terms


Outstanding amount
‪31.00 M‬AUD
Face value
1,000,000.00AUD
Minimum denomination
1,000,000.00AUD
Coupon
5.32% (Variable)
Coupon frequency
Quarterly
Yield to maturity
5.32%
Maturity date
Feb 22, 2029
Term to maturity
4 years

About INGBank FRN 29


Issuer
ING Bank NV
Sector
Finance
Industry
Major Banks
Home page
Issue date
Feb 22, 2022
ISIN
XS2404229481
FIGI
BBG015D2YK51
ING Bank NV engages in the provision of banking, investment, life insurance, and retirement services. It operates through the following segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The Retail Netherlands segment offers current and savings accounts, business lending, mortgages, and other consumer lending in the Netherlands. The Retail Belgium segment focuses in the retail and private banking activities in Belgium and offered services like the Netherland segment. The Retail Germany segment consists of current and savings accounts, mortgages, and other customer lending. The Retail Other segment comprises income from retail banking activities in the rest of the world, including the SME and mid-corporate segments. The Wholesale Banking segment include income from wholesale banking activities (a full range of products is offered from cash management to corporate finance), real estate, and lease. The Corporate Line Banking segment comprises corporate line banking and the run-off portfolio of Real Estate. The company was founded in 1991 and is headquartered in Amsterdam, the Netherlands.
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