10th Mar 2021 09:53
(Alliance News) - NatWest Group PLC on Wednesday completed the pricing of its GBP400.0 million 4.500% reset perpetual subordinated contingent convertible additional tier 1 capital notes.
The Edinburgh, Scotland-based bank said it will use proceeds from the notes for general corporate purposes and to strengthen its capital base.
The offering is scheduled to close on Friday.
NatWest shares were trading 0.1% higher in London on Wednesday morning at 189.50 pence each.
Last month, NatWest posted a swing to loss in 2020 and confirmed that it will withdraw from the Republic of Ireland, with the lender in talks with other banks to dispose of assets belonging to its Ulster Bank unit.
By Evelina Grecenko; [email protected]
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