27th Sep 2007 07:48
Royal Bank of Scotland Group PLC27 September 2007 THE ROYAL BANK OF SCOTLAND GROUP PLC PRICES US$ 1.6 BILLION PREFERRED CAPITAL SECURITIES 27th September 2007 The Royal Bank of Scotland Group plc ("the Group") has priced US$ 1.6 billion inaggregate principal amount of Preferred Capital Securities ("US$ PreferredSecurities"). The US$ Preferred Securities will pay a fixed 6.99% coupon per annum payablesemi-annually in arrear on April 5 and October 5 until October 5, 2017. The US$Preferred Securities are redeemable at the option of the Group in whole but notin part on October 5, 2017 and on any coupon payment date thereafter at par.After October 5, 2017 the coupon rate will adjust to 3-month US$ Libor + 2.67%.The US$ Preferred Securities will be issued in minimum denominations of US$100,000 and integral multiples of US$1,000 in excess thereof. The US$ Preferred Securities offered will not be and have not been registeredunder the U.S. Securities Act of 1933, as amended (the "Securities Act"), andmay not be offered or sold in the United States absent registration or anapplicable exemption from registration requirements under the Securities Act. For further information, please contact; The Royal Bank of Scotland Group plc Guy Whittaker Ron HuggettGroup Finance Director Director,Executive House G Capital Management and SecuritisationRBS Gogarburn 280 BishopsgatePO Box 1000 LondonEdinburgh EC2M 4RBEH12 1HQ Tel: 020 7085 4925Tel: 0131 523 2028 This announcement is not an invitation nor is it intended to be an inducement toengage in investment activity for the purpose of Section 21 of the FinancialServices and Markets Act 2000 of the United Kingdom (the "FSMA"). To the extentthat this announcement does constitute an inducement to engage in any investmentactivity included within this announcement, it is directed only at (i) personswho are outside the United Kingdom, (ii) persons who are investmentprofessionals within the meaning of Article 19(5) of the Financial Services andMarkets Act 2000 (Financial Promotion) Order 2005 (as amended) of the UnitedKingdom (the "Financial Promotion Order"); (iii) persons who fall withinArticles 49(2)(a) to (d) ("high net worth companies, unincorporated associationsetc.") of the Financial Promotion Order; and (iv) any other persons to whom thisannouncement for the purposes of Section 21 of FSMA can otherwise lawfully bemade (all such persons together being referred to as "relevant persons"), andmust not be acted on or relied upon by persons other than relevant persons. Anyinvitation or inducement to engage in any investment activity included withinthe announcement is available only to relevant persons and will be engaged inonly with relevant persons. Anyone other than a relevant person must not rely onthis announcement. This announcement is an advertisement and is not a prospectus for the purposesof EU Directive 2003/71/EC (the "Directive") and/or Part VI of the FinancialServices and Markets Act 2000. A prospectus will be prepared and made availableto the public in accordance with the Directive. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L