ING Admits Issuing June 16 2010 Series FF Bearer Bonds Issued in 2000
This is the first admission by ING that ING N.V. issued Series FF June 16 2010 Bearer Bonds in June, 2000 and it was received in a letter from the attorneys for ING Bank N.V.
In the same letter to ParaFin's lawyer, ING's lawyer informed ParaFin's lawyer that only financial institutions were entitled to hold and convert the Series FF Bearer Bonds issued by ING Bank N.V. into a Global certificate and all ING Series FF Bearer Bonds held by financial Institutions have had their holdings in the Series FF Bearer Bonds converted into a Global note. Others, like ParaFin, who are holding ING Series FF Bearer Bonds have not been Offered the opportunity to convert to a Global certificate.
Representatives, acting on behalf of ParaFin Corporation, have been actively negotiating with financial institutions in Europe and Asia to have them acquire the ING Bearer Bonds from ParaFin and then have the financial institution that acquires the Bearer bonds convert to the Global certificate or redeem them from ING Bank N.V.
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