30th Nov 2006 10:39
Royal Bank of Scotland Group PLC30 November 2006 The Royal Bank of Scotland Group plc 30th November 2006 THE ROYAL BANK OF SCOTLAND GROUP PLC AND RBS CAPITAL TRUST D COMPLETE SALE OFGBP 400 MILLION NON-CUMULATIVE TRUST PREFERRED SECURITIES The Royal Bank of Scotland Group plc ("RBSG") has issued GBP 400 million ofnon-cumulative Trust Preferred Securities ("the Securities") through RBS CapitalTrust D ("Trust D"). The Securities will pay a fixed 5.6457% coupon per annum until June 8, 2017. TheSecurities are redeemable at the option of Trust D in whole or in part on June8, 2017 and on any distribution payment date thereafter at par. After June 8,2017 the distribution rate will adjust to 3-month Sterling Libor + 1.69%. TheSecurities have a liquidation preference of GBP 1,000 each. RBS Global Banking & Markets, together with Banc of America Securities Ltd, JPMorgan Securities Ltd, Lehman Brothers International (Europe) and WachoviaSecurities International Ltd acting as senior co-managers, managed the issue ofthese Securities for the Group. Settlement of the Securities is on December 8, 2006. The Securities have not been and will not be registered under the United StatesSecurities Act of 1933, as amended (the "Securities Act"), or under any statesecurities laws and may not be offered, sold or delivered in the United States,or to or for the account or benefit of US persons (as defined under Regulation Sunder the Securities Act) unless registered under the Securities Act or anexemption from the registration requirements of the Securities Act is available.The Securities are being offered and sold only to certain persons intransactions outside the United States in compliance with Regulation S under theSecurities Act. For further information, please contact: The Royal Bank of Scotland Group plcGuy Whittaker Ron HuggettGroup Finance Director Director, Capital ManagementRBS Gogarburn 280 BishopsgateEdinburgh LondonEH12 1HQ EC2M 4RBTel: 0131 523 2028 Tel: 0207 085 4925 RBS Global Banking & MarketsGordon TaylorDirector, Primary Markets135 BishopsgateLondonEC2M 3URTel 0207 085 1217 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L