ING Group to redeem all $1.1 billion 7.2% perpetual debt securities

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – ING Group plans to redeem all $1.1 billion of its 7.2% perpetual debt securities, according to a press release.

The securities will be redeemed at par plus accrued interest on March 15.

The Bank of New York Mellon is the paying agent.

ING is an Amsterdam-based global financial institution that offers banking services through its operating company, ING Bank.

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