AT1 securities

ING Groep has issued several AT1 securities to strengthen its capital base, or that of the Bank. These AT1 securities are perpetual fixed income securities with callability features, structurally subordinated to the senior debt instruments issued by ING Groep.

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 Reset date Called on Listed on
US456837AR44
456837AR4
10Sep19 5.75% $1,500,000,000 16Nov26   GEM of Euronext Dublin
XS2122174415 28Feb20 4.88% $750,000,000 16Nov29*   GEM of Euronext Dublin
US456837AY94 14Sep21 3.88% $1,000,000,000 16Nov27*   GEM of Euronext Dublin
US456837AZ69 14Sep21 4.25%  $1,000,000,000 16May31*   GEM of Euronext Dublin
XS2585240984 14Feb23 7.50%  $1,000,000,000 16Nov28*   GEM of Euronext Dublin
XS2761357594 12Feb24 8%  $1,250,000,000 16Nov30*   GEM of Euronext Dublin
XS2885225966 12Sep24 7.25% $1,000,000,000 16Nov34   GEM of Euronext Dublin
US456837BT90 09Sep25 7% €1,500,000,000 16Nov32   GEM of Euronext Dublin
*includes 6mPC prior to first reset date

Disclaimer

Fixed income disclaimer