RBS successfully priced $2.65 billion Additional Tier 1 Capital Notes
The Royal Bank of Scotland Group plc successfully priced $2.65 billion Additional Tier 1 Capital Notes.
11 August 2016
The Royal Bank of Scotland Group plc completed the pricing of its USD 2,650,000,000 8.625 % Perpetual Subordinated Contingent Convertible Additional Tier 1 Capital Notes callable 15 August 2021 (the "Notes").
The net proceeds of approximately USD 2,623,500,000 will be used for general corporate purposes.
The offering is scheduled to close on 15 August 2016 subject to the satisfaction of customary conditions. Application has been made to The Irish Stock Exchange plc for the Notes to be admitted to the Official List and to trading on the Global Exchange Market, which is the exchange regulated market of The Irish Stock Exchange plc.
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