26th Nov 2015 17:25
LONDON (Alliance News) - The Royal Bank of Scotland Group PLC said Thursday that it will recognise a loss of around GBP265 million in its fourth quarter results in relation to a recent tender on some US dollar, sterling and euro debt securities, however it expects to see a saving of interest expense of around GBP455 million over the life of the debt securities.
The bank said it had recently completed the tender on the debt securities, and the take up rate of the tender was 56.5% with a total of GBP2.4 billion tendered.
The debt securities have contractual maturities between 2017 and 2028.
Shares in RBS closed up 1.3% at 304.49 pence Thursday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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