Program Information ING Bank N.V
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Program Information ING Bank N.V. 1 PROGRAM INFORMATION Type of Information: Program Information Date of Filing: 29 March 2016 Company Name: ING Bank N.V. (the "Issuer" or "ING Bank") Name and Title of Representative: B.M. Iserief, Head of Long Term Funding Address of Registered Office: Bijlmerplein 888 1102 MG Amsterdam Zuid-Oost, The Netherlands Telephone: +31(20)541 8722 Liaison Contact: Attorney-in-Fact: Eiichi Kanda, Attorney-at-law Toshifumi Kajiwara, Attorney-at-law Clifford Chance Law Office (Gaikokuho Kyodo Jigyo) Address: Akasaka Tameike Tower, 6th Floor 17-7, Akasaka 2-Chome Minato-ku, Tokyo 107-0052 Telephone: 81-3-5561-6600 Type of Securities: Senior Bonds (the "Bonds") Expected Issuance Period: 30 March 2016 to 29 March 2017 Maximum Outstanding Issuance JPY 400,000,000,000 Amount: Address of Publication Website: http://www.jpx.co.jp/equities/products/tpbm/announcement/index .html Submission Status of Annual Yes Securities Reports or Issuer Filing Information: Notes to Investors 1. TOKYO PRO-BOND Market is a market for professional investors, etc. and bonds and other instruments listed on the market ("Listed Bonds") may involve a higher investment risk. Investors should act with responsibility and be aware of the listing qualification, timely disclosure requirements that apply to issuers of Listed Bonds in the TOKYO PRO-BOND Market and associated risks such as the fluctuation of market prices. Prospective investors should make an investment judgment only after having carefully considered the contents of this Program Information. 2. The regulatory framework for TOKYO PRO-BOND Market is different in certain fundamental respects from the regulatory framework applicable to existing exchange markets in Japan. Investors should be aware of the Rules and Regulations of the Tokyo Stock Exchange, which are available on its website. 3. The Tokyo Stock Exchange does not represent or warrant any part of the Program Information (including, but not limited to, whether the Program Information (a) contains a false statement on important matters or (b) lacks a statement on: (i) important matters that should be stated or (ii) a material fact that is necessary for avoiding misunderstanding) and will not be liable to any damages for any other liabilities. 2 4. This Program Information shall constitute and form the Specified Securities Information (set forth in Article 27-31, Paragraph 1 of the Financial Instruments and Exchange Law of Japan (Law No.25, as amended) (the "FIEL")) when information in relation to matters contained in this form is included in the Program Information (pursuant to the provisions of Article 206, Paragraph 2 of the Special Regulations of Securities Listing Regulations Concerning Specified Listed Securities) as information set forth in Specified Exchange Regulations (as defined in Article 2, Paragraph 1, Item 1 of the Cabinet Office Ordinance on Providing and Publishing of Securities Information, Etc). 5. This document includes 'forward-looking statements' within the meaning of Section 27A of the United States Securities Act of 1933 (the "Securities Act") and Section 21E of the United States Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical fact included in this document, including, without limitation, those regarding the Issuer's financial position, business strategy, plans and objectives of management for future operations, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Issuer, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Issuer's present and future business strategies and the environment in which the Issuer will operate in the future. These forward-looking statements speak only as of the date of this document or as of such earlier date at which such statements are expressed to be given. The Issuer expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in the Issuer's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. 6. All prospective investors who intend to purchase the Bonds listed or to be listed on the TOKYO PRO-BOND Market should be aware that when they offer to purchase the Bonds, they shall be required to (i) enter into and agree the terms of a transfer restriction agreement with the Issuer and/or the person making a solicitation, or (ii) (in the case of a solicitation of an offer to acquire the Bonds to be newly issued) agree to comply with the terms of a transfer restriction. The terms of such transfer restriction agreement or transfer restriction provide that prospective investors agree not to sell, transfer or otherwise dispose of the Bonds to be held by them to any person other than the Professional Investors, Etc., except for the transfer of the Bonds to the following: (a) the Issuer or the Officer (meaning directors, company auditors, executive officers or persons equivalent thereto) thereof, who holds shares or equity pertaining to voting rights exceeding 50% of all the voting rights in the Issuer which is calculated by excluding treasury shares or any non-voting rights shares (the "Voting Rights Held by All the Shareholders, Etc." (Sou Kabunushi Tou no Giketsuken)) (as prescribed in Article 29-4, paragraph 2 of the FIEL; the same shall apply hereinafter) of the Issuer under his/her own name or another person's name (hereinafter such Officer shall be referred to as the "Specified Officer" (Tokutei Yakuin) in this Paragraph), or a juridical person (excluding the Issuer) whose shares or equity pertaining to voting rights exceeding 50% of the Voting Rights Held by All the Shareholders, Etc., are held by the Specified Officer (the "Controlled Juridical Person, Etc." (Hi-Shihai Houjin Tou) including a juridical person (excluding the Issuer) whose shares or equity pertaining to voting rights exceeding 50% of the Voting Rights Held by All the Shareholders, Etc. are jointly held by the Specified Officer and the Controlled Juridical Person, Etc. (as prescribed in Article 11-2, paragraph 1, Item 2 (c) of the Cabinet Office Ordinance on Definitions under Article 2 of the Financial Instruments and Exchange Law (MOF Ordinance No. 14 of 1993, as amended)); or (b) a company that holds shares or equity pertaining to voting rights exceeding 50% of the Voting Rights Held by All the Shareholders, Etc. of the Issuer in its own name or another person's name. 7. When (i) a solicitation of an offer to acquire the Bonds or (ii) an offer to sell or a solicitation of an offer to purchase the Bonds (collectively, "Solicitation of the Bond Trade") is made, the following matters shall be notified from the person who makes such Solicitation of the Bond Trade to the person to whom such Solicitation of the Bond Trade is made: 3 (a) no securities registration statement (pursuant to Article 4, paragraphs 1 through 3 of the FIEL) has been filed with respect to the Solicitation of the Bond Trade; (b) the Bonds fall, or will fall, under the Securities for Professional Investors (Tokutei Toushika Muke Yukashoken) (as defined in Article 4, paragraph 3 of the FIEL); (c) any acquisition or purchase of the Bonds by such person pursuant to any Solicitation of the Bond Trade is conditional upon such person (i) entering into an agreement providing for the restriction on transfer of the Bonds as set forth in note 6 above, (x) with each of the Issuer and the person making such Solicitation of the Bond Trade (in the case of a solicitation of an offer to acquire the Bonds to be newly issued), or (y) with the person making such Solicitation of the Bond Trade (in the case of an offer to sell or a solicitation of an offer to purchase the Notes already issued), or (ii) agreeing to comply with the restriction on transfer of the Bonds as set forth in note 6 above (in the case of a solicitation of an offer to acquire the Bonds to be newly issued); (d) Article 4, paragraphs 3, 5 and 6 of the FIEL will be applicable to such certain solicitation, offers and other activities with respect to the Bonds as provided in Article 4, paragraph 2 of the FIEL; (e) the Specified Securities Information, Etc. (Tokutei Shouken Tou Jouhou) (as defined in Article 27-33 of the FIEL) with respect to the Bonds and the Issuer Information, Etc. (Hakkosha Tou Jouhou) (as defined in Article 27-34 of the FIEL) with respect to the Issuer have been or will be made public by way of such information being posted on the web-site maintained by the TOKYO PRO-BOND Market (http://www.jpx.co.jp/equities/products/tpbm/index.html or any successor website) in accordance with Articles 210 and 217 of the Special Regulations of Securities Listing Regulations Concerning Specified Listed Securities of the Tokyo Stock Exchange; and (f) the Issuer Information, Etc. will be provided directly to the Bondholders or made public pursuant to Article 27-32 of the FIEL. 8. In this document, unless otherwise specified, references to a "Member State" are references to a Member State of the European Economic Area, references to "£", "GBP" or "sterling" are to the lawful currency of the United Kingdom, references to "€", "EUR" or "euro" are to the currency introduced at the start of the third stage of European economic and monetary union, and as defined in Article 2 of Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro, as amended, and references to "yen" are to Japanese Yen.