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ING GROEP ( (GB:0RIC) ) has shared an update.
ING has announced its decision to redeem USD 1,250 million of 6.500% Perpetual Additional Tier 1 Contingent Convertible Capital Securities by April 16, 2025, as part of its strategy to optimize its capital structure. This move reflects ING’s focus on economic considerations and stakeholder interests, while also considering market conditions, regulatory approval, and capital requirements, potentially impacting its financial operations and stakeholder confidence.
More about ING GROEP
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. It serves customers in over 40 countries with a focus on retail and wholesale banking. ING is committed to sustainability, as evidenced by its strong ESG ratings and involvement in sustainable finance activities.
YTD Price Performance: 10.48%
Average Trading Volume: 3,787,583
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €51.9B
Learn more about 0RIC stock on TipRanks’ Stock Analysis page.
