ING is repaying Dutch government
ING Groep NV, the biggest Dutch financial services company, plans to repay $2.8 billion of Dutch government aid in May at a 50 percent premium, Bloomberg reported. The company plans to buy back the core Tier 1 securities sold to the Dutch government at the next coupon reset date on May 13, it said. The buyback would reduce ING’s core Tier 1 ratio by 90 basis points, or 0.9 percentage point, and the ratio is expected to remain above 8.5 percent, Bloomberg said. ING USA Life Insurance & Annuity Co. is located in Des Moines.
Trending News
