6th Aug 2015 06:29
LONDON (Alliance News) - The Royal Bank of Scotland Group PLC on Thursday said it has priced USD3.15 billion in Additional Tier 1 Capital Notes.
The bond issue is split between USD2 billion in 7.50% perpetual subordinated contingent convertible notes, known as "CoCos", callable in August 2020, and USD1.15 billion in 8.0% perpetual subordinated contingent convertible notes, callable in August 2025.
"This is another important step in the road towards becoming a much stronger, safer bank for our customers and shareholders. Improving our capital resilience has been an integral part of our plan and we are well on track to achieve this," said Ross McEwan.
By Sam Unsted; [email protected]; @SamUAtAlliance
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