OREANDA-NEWS.ING Group intends to issue securities that qualify as Additional Tier 1 capital under CRD IV / CRR. The intended issuance is expected to further strengthen ING’s capital base.

The intended issuance will be in the form of USD denominated Perpetual Additional Tier 1 Contingent Convertible Capital Securities. The securities will be subject to full conversion into ordinary shares of ING Group in the event ING Group’s phased-in CET 1 ratio would fall below 7.0%.

Over the coming week, ING will conduct an investor roadshow for the intended offering. The offer price, initial coupon and final amount of securities sold will be determined at the conclusion of the offering process and will be announced in a separate press release.

In connection with the offering, ING has filed a registration statement on Form F-3 with the U.S. Securities and Exchange Commission (SEC) which became effective upon filing. ING will file a prospectus supplement in respect of the Additional Tier 1 securities shortly.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

ING PROFILE

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank and holding a significant stake in the listed insurer NN Group NV. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s 53,000 employees offer retail and commercial banking services to customers in over 40 countries.

ING Group shares are listed (in the form of depositary receipts) 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 the industry leader in the diversified financials group.