24th Aug 2006 12:31
Royal Bank of Scotland Group PLC24 August 2006 Royal Bank of Scotland Group plc - Residential Mortgage Securitisation THE ROYAL BANK OF SCOTLAND GROUP PLANS SECURITISATION 24 August 2006 The Royal Bank of Scotland Group (RBSG) is pleased to announce that NationalWestminster Home Loans Ltd plans to securitise part of its UK residentialmortgage loan portfolio under the Group's Arran Residential Mortgage Fundingprogramme. At December 2005 RBSG had an estimated 6% share of the UK mortgagemarket with key brands being RBS, NatWest, The One Account and First Active(UK). This transaction will securitise NatWest branded mortgages, and follows onfrom the successful securitisation of a portfolio of £4.75bn of RBS brandedmortgages in June 2006. Marketing will take place over the next two to three weeks for a circa £5.0bnissue to be placed in US Dollars, Euros and Sterling. The US$ tranche willtarget US qualified institutional buyers under Rule 144A of the US SecuritiesAct. The Preliminary Prospectus for the issue will be available shortly. This announcement should not be construed as an offer or solicitation to buy orsell the Securities or any other securities, or any interest in any securities,and nothing herein should be construed as a recommendation or advice to investin any securities. The investments and investment services referred to hereinare available only to persons to whom this material may be lawfully delivered inaccordance with applicable securities laws. This includes any sale of Securitiesin any State of the United States in which such an offer, solicitation or salewould be unlawful prior to registration or qualification under the SecuritiesLaws of any such State. This material is not available to private customerswithin the meaning of the rules of the Financial Services Authority. For further information, please contact: The Royal Bank of Scotland Group plcRichard O'Connor Ron HuggettHead of Investor Relations Director, Capital Management280 Bishopsgate 280 BishopsgateLondon LondonEC2M 4RB EC2M 4RBTel: +44 (0)20 7672 1758 Tel: +44 (0)20 7085 4925 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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