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.
Posted In
Tagged
Related articles
RBS is progressing with its plan to build a strong, simple, fair bank for customers and shareholders.
The Royal Bank of Scotland Group plc successfully priced $3.15 billion Additional Tier 1 Capital Notes.
Latest news
RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.
RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.
RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.
We’re now NatWest Group
Come and visit us for all our latest news, insights and everything NatWest Group.