14th Apr 2016 16:38
LONDON (Alliance News) - Royal Bank of Scotland Group PLC late Thursday said it has raised GBP85.0 million by selling shares, in a move designed to partly neutralise the effect on its capital position from making coupon payments on discretionary hybrid capital.
The group issued 37.6 million new shares at a subscription price of 226.2503 pence each, in a move to offset the impact of coupon payments in terms of core tier one capital.
The new shares represent around 0.32% of RBS' current share capital.
RBS shares closed down 0.5% to 228.55 pence per share on Thursday.
By Joshua Warner; [email protected]; @JoshAlliance
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