ING to redeem $1.5 billion in perpetual capital securities

ING Group has announced plans to redeem USD 1.5 billion of its 5.750% Perpetual Additional Tier 1 Contingent Convertible Capital Securities. The redemption is scheduled for the call date of November 16, 2026, as part of the bank’s strategy to optimize its capital structure.

The securities, identified by CUSIP 456837AR4 and ISIN US456837AR44, will be redeemed at their principal amount. Holders of record as of November 13, 2026, will receive all accrued and unpaid interest due on the redemption date. The Bank of New York Mellon, London Branch, will act as the paying agent for this transaction.

ING stated that future decisions regarding the calling of other outstanding debt securities will be made based on economic considerations, including market conditions, regulatory approval, and capital requirements, while accounting for stakeholder interests.