23rd May 2007 15:59
Royal Bank of Scotland Group PLC23 May 2007 Royal Bank of Scotland plc - Residential Mortgage Securitisation THE ROYAL BANK OF SCOTLAND GROUP PLANS SECURITISATION 23 May 2006 The Royal Bank of Scotland Group ("RBSG") is pleased to announce that The RoyalBank of Scotland plc ("RBS") and National Westminster Home Loans Ltd plan tosecuritise part of their UK residential mortgage loan portfolio under the RBSG'sArran Residential Mortgage Funding programme. At December 2006 RBSG had anestimated 6% share of the UK mortgage market with key brands being RBS, NatWest,The One Account and First Active. This transaction will securitise RBS andNatWest branded mortgages, and follows the successful securitisation of twoportfolios of RBS and NatWest branded mortgages totalling £11.25bn in 2006. Marketing will take place over the next two to three weeks for a circa £4.5bnissue 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 published shortly. This announcement should not be construed as an offer or solicitation to buy orsell the securities described in the Preliminary Prospectus or any othersecurities, or any interest in any securities, and nothing herein should beconstrued as a recommendation or advice to invest in any securities. Theinvestments and investment services referred to herein are available only topersons to whom this material may be lawfully delivered in accordance withapplicable securities laws. This includes any sale of securities in any State ofthe United States in which such an offer, solicitation or sale would be unlawfulprior to registration or qualification under the Securities Laws of any suchState. This material is not available to private customers within the meaning ofthe rules of the Financial Services Authority. For further information, please contact: The Royal Bank of Scotland Group plc Richard O'Connor Ron HuggettHead of Investor Relations Director, Capital Management & Securitisation280 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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