15th Jun 2005 17:04
Royal Bank of Scotland Group PLC15 June 2005 THE ROYAL BANK OF SCOTLAND GROUP AGREES PRICE FOR THE ISSUE OF EURO 1,250 MILLION PREFERRED SECURITIES 15th June 2005 The Royal Bank of Scotland Group plc ("the Group") is pleased to announce thepricing of 1,250,000 Category II Non-cumulative Euro Preferred Securities to bedesignated Series 2 ("the Series 2 Euro Preferred Securities"), at asubscription price of Euro 1,000 per security, with a coupon of 5.25%. Non-cumulative preferential dividends on the Series 2 Euro Preferred Securitieswill be payable in Euro annually in arrear on 30 June, with the first paymentbeing on the 30th June 2006. The Series 2 Euro Preferred Securities can beredeemed on each quarter end on or after the 30th June 2010 at Euro 1,000 persecurity, plus accrued dividends for the then-current dividend period. The Group is being advised in connection with the issue by BNP PARIBAS, DeutscheBank, RBS FM and UBS Investment Bank. The Series 2 Euro Preferred Securities have not been nor will be registeredunder the United States Securities Act of 1933, as amended (the "SecuritiesAct"), or under any state securities laws and may not be offered, sold ordelivered in the United States, or to or for the account or benefit of USpersons (as defined under Regulation S under the Securities Act) unlessregistered under the Securities Act or an exemption from the registrationrequirements of the Securities Act is available. The Series 2 Euro PreferredSecurities are being offered and sold only to certain persons in transactionsoutside the United States in compliance with Regulation S under the SecuritiesAct. Stabilisation FSA / IPMA For further information, please contact; The Royal Bank of Scotland Group plcFred Watt Ron HuggettGroup Finance Director Capital Raising Director42 St Andrew Square 280 BishopsgateEdinburgh LondonEH2 2YE EC2M 4RBTel: 0131 523 5171 Tel: 020 7085 4925 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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