29th Nov 2005 12:30
Royal Bank of Scotland Group PLC29 November 2005 The Royal Bank of Scotland Group plc THE ROYAL BANK OF SCOTLAND GROUP PLC PLANS TO ISSUE NON-CUMULATIVE TRUSTPREFERRED SECURITIES The Royal Bank of Scotland Group plc ("RBSG") intends to issue Non-CumulativeTrust Preferred Securities (the "Securities") denominated in Euros through RBSCapital Trust C. Application will be made to the UK Listing Authority for the Securities to beadmitted to the official list of the UK Listing Authority and to the LondonStock Exchange plc (the "LSE") for the Securities to be admitted to trading onthe LSE's Professional Securities Market. It is expected the Securities willqualify as Innovative Tier One Capital for RBSG. It is intended that the netproceeds of the offering will be used for general corporate purposes. The Group is being advised in connection with the issue by the RBS FinancialMarkets, with JP Morgan Securities and UBS acting as senior co-managers. 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; Fred Watt Ron HuggettGroup Finance Director Director, Capital ManagementRBS Gogarburn 280 BishopsgateEdinburgh LondonEH12 1HQ EC2M 4RBTel: 0131 523 2028 Tel: 0207 085 4925 The Royal Bank of Scotland Financial Markets Gordon 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