27th Sep 2007 07:51
Royal Bank of Scotland Group PLC27 September 2007 THE ROYAL BANK OF SCOTLAND GROUP PLC PRICES CAD 600 MILLION FIXED/FLOATINGUNDATED CALLABLE STEP-UP TIER 1 NOTES 27th September 2007 The Royal Bank of Scotland Group plc ("the Group") has priced CAD 600 million inaggregate principal amount of Fixed/Floating Undated Callable Step-Up Tier 1Notes to be designated Series 2851 ("CAD Tier 1 Notes"). The CAD Tier 1 Notes will pay a fixed 6.666% coupon per annum payablesemi-annually in arrear on April 5 and October 5 until October 5, 2017. The CADTier 1 Notes are redeemable at the option of the Group in whole or in part onOctober 5, 2017, and on any interest payment date thereafter, at par. AfterOctober 5, 2017 the interest rate payable on the CAD Tier 1 Notes will adjust to3-month CAD Libor + 2.76%. The CAD Tier 1 Notes are issued in denominations ofCAD 100,000 and integral multiples of CAD 1,000 in excess thereof up to andincluding CAD 199,000. The Group is being advised in connection with the issue by Merrill LynchInternational and The Royal Bank of Scotland. For further information please contact; The Royal Bank of Scotland Group plcGuy Whittaker Ron HuggettGroup Finance Director Director,Executive House G Capital Management and SecuritisationRBS Gogarburn 280 BishopsgatePO Box 1000 LondonEdinburgh EC2M 4RBEH12 1HQ Tel: 020 7085 4925Tel: 0131 523 2028 Merrill Lynch International RBSSiddharth Prasad David CarmaltMerrill Lynch Financial Centre 135 Bishopsgate2 King Edward Street LondonLondon EC2M 3UREC1A 1HQ Tel: 020 7085 6754Tel: 020 7996 5320 This announcement is not directed at persons in the United States or U.S.persons within the meaning of Regulation S under the U.S. Securities Act of 1933("U.S. Persons"). This announcement does not constitute an offer for sale in theUnited States or to U.S. Persons. The securities described herein have not beenand will not be registered under the Securities Act, and may not be offered orsold in the United States or to U.S. Persons. This announcement is not an invitation nor is it intended to be an inducement toengage in investment activity for the purpose of Section 21 of the FinancialServices and Markets Act 2000 of the United Kingdom (the "FSMA"). To the extentthat this announcement does constitute an inducement to engage in any investmentactivity included within this announcement, it is directed only at (i) personswho are outside the United Kingdom, (ii) persons who are investmentprofessionals within the meaning of Article 19(5) of the Financial Services andMarkets Act 2000 (Financial Promotion) Order 2005 (as amended) of the UnitedKingdom (the "Financial Promotion Order"); (iii) persons who fall withinArticles 49(2)(a) to (d) ("high net worth companies, unincorporated associationsetc.") of the Financial Promotion Order; and (iv) any other persons to whom thisannouncement for the purposes of Section 21 of FSMA can otherwise lawfully bemade (all such persons together being referred to as "relevant persons"), andmust not be acted on or relied upon by persons other than relevant persons. Anyinvitation or inducement to engage in any investment activity included withinthe announcement is available only to relevant persons and will be engaged inonly with relevant persons. Anyone other than a relevant person must not rely onthis announcement. This announcement is an advertisement and is not a prospectus for the purposesof EU Directive 2003/71/EC (the "Directive") and/or Part VI of the FinancialServices and Markets Act 2000. A prospectus will be prepared and made availableto the public in accordance with the Directive. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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