20th May 2020 09:48
(Alliance News) - Royal Bank of Scotland Group PLC on Wednesday said it has priced two issues of senior notes, including one to provide environmentally sustainable loan.
The FTSE-100 listed lender said it will issue USD1 billion senior callable fixed-to-fixed reset rate notes carrying an interest rate of 3.073% and due in 2028, and USD600 million senior callable fixed-to-fixed reset rate green notes at 2.359% due 2024.
Royal Bank of Scotland said the cash from the USD1 billion offering will be used to fund its general banking business, while the USD600 million will be used to finance or refinance eligible "green loans" in accordance with the company's Green, Social & Sustainability Bond Framework.
The stock was trading 2.4% lower at 104.05 pence each on Wednesday morning in London.
By Ife Taiwo; [email protected]
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