ING to redeem two series of SEC registered Senior Notes and announces the intention to call Tier 2 notes on the reset date

Core Viewpoint - ING has announced the redemption of two series of SEC registered Senior Notes and intends to call Tier 2 notes on their respective reset dates, indicating a strategic move in managing its debt obligations and capital structure [1][3]. Group 1: Callable Senior Notes - ING will redeem USD 400 million Callable Floating Rate Senior Notes and USD 1,100 million 1.726% Callable Fixed-to-Floating Rate Senior Notes on their contractual call date of 1 April 2026 [1]. - The redemption will be executed in full, with payment made on 1 April 2026, and accrued interest will be paid to holders of record as of 31 March 2026 [2]. Group 2: Tier 2 Notes - ING intends to redeem EUR 1,500 million 2.125% Fixed Rate Subordinated Tier 2 Notes on the next contractual reset date of 26 May 2026 [3]. - The European Central Bank has granted supervisory permission for this redemption, which will be conducted in accordance with the terms of the T2 Notes [4]. Group 3: Future Considerations - Future decisions regarding the exercise of calls on outstanding debt securities will be made based on economic factors, market conditions, regulatory approvals, and capital requirements [5].