8th Dec 2006 12:15
Royal Bank of Scotland Group PLC08 December 2006 The Royal Bank of Scotland Group plc 8 December 2006 THE ROYAL BANK OF SCOTLAND GROUP PLC AND RBS CAPITAL TRUST D ANNOUNCE CLOSING OFGBP 400 MILLION NON-CUMULATIVE TRUST PREFERRED SECURITIES The Royal Bank of Scotland Group plc ("RBSG") has today closed the issue of GBP400 million of non-cumulative Trust Preferred Securities ("the Securities")through RBS Capital Trust D ("Trust D"). The Securities will pay a fixed 5.6457% coupon per annum until 8 June 2017. TheSecurities are redeemable at the option of Trust D in whole or in part on 8 June2017 and on any distribution payment date thereafter at par. After 8 June 2017,the distribution rate will adjust to 3-month Sterling Libor + 1.69%. TheSecurities have a liquidation preference of GBP 1,000 each. The Royal Bank of Scotland as Lead Manager, together with Banc of AmericaSecurities Limited, JPMorgan, Lehman Brothers and Wachovia Securities as Co-LeadManagers and Caja de Ahorros y Pensiones de Barcelona, "la Caixa", Danske Bank,ING Wholesale Banking and MEDIOBANCA as Co-Managers, managed the issue of theSecurities. RBSG and Trust D hereby also advise that the rating of the Securities by FitchInc. appearing on page 15 on the Listing Particulars published in connectionwith the listing of the Securities on the London Stock Exchange plc should read"AA" and not "AA-" as stated therein. 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 plc Guy 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