Due to the characteristics of these securities ING Groep is allowed to include AT1 securities in its capital for regulatory purposes. AT1 securities form an asset class in seniority and risk profile between equity and senior debt.
Overview per AT1 security
The first column in the table below contains the terms and conditions per security.
| ISIN code/ CUSIP code/ Ticker |
Date of issuance | Coupon | Initial Amount | first call date | called on | Listed on |
US456837AR44 456837AR4 |
10 Sep, 2019 | 5.750% (reset after first call date) | $1,500,000,000 | 16 Nov, 2026 | GEM of Euronext Dublin | |
XS2122174415 |
28 Feb, 2020 | 4.875% (reset after 16 Nov, 2029) | $750,000,000 | 16 May, 2029* | GEM of Euronext Dublin | |
US456837AY94 |
14 Sep, 2021 | 3.875% (reset after 16 Nov, 2027) | $1,000,000,000 | 16 May, 2027* | GEM of Euronext Dublin | |
US456837AZ69 |
14 Sep, 2021 | 4.25% (reset after 16 Nov, 2031) | $1,000,000,000 | 16 May, 2031* | GEM of Euronext Dublin | |
XS2585240984 |
14 Feb, 2023 | 7.5% (reset after 16 Nov, 2028) | $1,000,000,000 | 16 May, 2028* | GEM of Euronext Dublin | |
XS2761357594 |
12 Feb, 2024 | 8.0% (reset after 16 Nov, 2030) | $1,250,000,000 | 16 May 2030* | GEM of Euronext Dublin | |
XS2885225966 |
12 Sep, 2024 | 7.25% (reset after first call date) | $1,000,000,000 | 16 Nov, 2034 | GEM of Euronext Dublin | |
US456837BT90 |
9 Sep, 2025 | 7% (reset after first call date) | €1,500,000,000 | 16 Nov, 2032 | GEM of Euronext Dublin | |
| *includes 6mPC prior to first reset date | ||||||