Company: INGVF
Filing Date: 2025-04-24
Form Type: F-3ASR
Source: 0001193125-25-093692
Chunk: 24

Company: ING GROEP NV
Filing Date: 2025-04-24
Form: F-3ASR
Chunk 24
---
 table on the                   
 line ‘Subordinated loans’, with a total amount of €1,223 million. On February 26, 2025, ING announced the redemption of two series of outstanding SEC registered securities: the $500 million Callable Floating Rate Senior                                    
 Notes (CUSIP 456837 BD4 / ISIN US456837BD49) and the $1,250 million 3.869% Callable Fixed-to-Floating Rate Senior Notes (CUSIP 456837 BA0 / ISIN US456837BA00) on                                                                                              
 their call date of March 28, 2025. Both series are included in the above table on the lines ‘Debt securities in issue’ and ‘Debt securities designated at fair value through profit or loss’, with total amounts of                                            
 €1,687 million and €15 million, respectively. On March 25, 2025, ING completed the offering of $750,000,000 aggregate principal amount of 4.858% Callable                                                                                                      
 Fixed-to-Floating Rate Senior Notes due 2029 (the “2029 Notes”), $1,000,000,000 aggregate principal amount of 5.066% Callable Fixed-to-Floating Rate Senior Notes due 2031 (the “2031 Notes”) and $1,000,000,000 aggregate principal amount of 5.525% Callable 
 Fixed-to-Floating Rate Senior Notes due 2036 (the “2036 Notes”) and $750,000,000 aggregate principal amount of Callable Floating Rate Senior Notes due 2029                                                                                                    
 (the “floating rate notes” and, together with the 2029 Notes, the 2031 Notes and the 2036 Notes, the “Notes”) The Notes will be classified as liabilities on the balance sheet, with an amount of €3,337 million included                                      
 under debt securities in issue and an amount of €36 million included under debt securities designated at fair value through profit or loss. Other than as set forth herein, there has been no material change since December 31, 2024 in                       
 the capitalization and indebtedness of the Group.                                                                                                                                                                                                              |

-17-

USE OF PROCEEDS

Unless otherwise specified in your prospectus supplement, we will use the net proceeds from the initial sales of the securities offered under
this prospectus and your prospectus supplement to provide additional funds for the Group’s operations and for other general corporate purposes. The Group’s general corporate purposes may include the repayment or reduction of indebtedness,