29th Jun 2020 09:07
(Alliance News) - Royal Bank of Scotland Group PLC on Monday said it will redeem USD2 billion of outstanding 7.5% perpetual subordinated contingent convertible additional tier 1 capital notes on August 10.
All of the outstanding notes will be redeemed at 100% of principal amount, together with accrued and unpaid interest, the Edinburgh-based lender added. The notes will be cancelled after redemption.
Shares in RBS were down 0.7% at 117.70 pence each in London on Monday morning.
By Tapan Panchal; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.