Register
Login:
Share:
Email Facebook Twitter

Share Views: The Cyber Security opportunity - What you need to know. Watch here

Share Views: The Cyber Security opportunity.
What you need to know.


Royal Bank of Scotland Regulatory News (RBS)



Regulatory News for Royal Bank of Scotland (RBS)


Share Price: 196.70Bid: 196.70Ask: 196.80Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 0.10Spread as %: 0.05%Open: 196.10High: 0.00Low: 0.00Yesterday’s Close: 196.70





Sale of Loan Portfolio to Intermediate Capital

Tue, 17th Aug 2010 08:55

RNS Number : 1784R
Royal Bank of Scotland Group PLC
17 August 2010
 

?

17 August 2010

 

The Royal Bank of Scotland  Group  plc  ('RBS')  to sell a portfolio of loans to a fund managed by Intermediate Capital Group plc ('ICG')

 

The Royal Bank of Scotland Group plc ('RBS') announces today that it has agreed to the sale of a €1.4 billion portfolio of primarily senior loans to a fund managed by Intermediate Capital Group plc ('ICG'). The transaction is expected to complete by the end of August 2010. 

 

ICG is a FTSE 250 listed investment firm and fund manager, highly experienced in managing senior loans with approximately €11 billion under management in proprietary capital and third party funds and over 21 years of investment experience. 

 

RBS continues to demonstrate progress with its strategic plan. This sale is in line with the Group's strategy to reduce its funded balance sheet and exposure to its existing leveraged loan book within its Non-Core Division. 

 

RBS Global Banking & Markets is acting as Sole Arranger and Lead Manager on this transaction.

 

For further information:

 

Alexander Holcroft

Investor Relations 

+44 (0) 20 7672 1758

 

Group Media Centre

Tel: +44 (0) 131 523 4205

 

END

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISLIFEDTFIDLII






DateSourceHeadlineCategory
25-Aug-16 07:02RNSDividend DeclarationDividends
25-Aug-16 07:00RNSRedemption of USD Preference Shares Series R and TCompany Announcement - General
23-Aug-16 15:00RNSDirector/PDMR ShareholdingCompany Announcement - General
19-Aug-16 14:15RNSPublication of Suppl.ProspctsCompany Announcement - General
11-Aug-16 07:00RNSRBSG successfully priced $2.65bn Additional TierCompany Announcement - General
08-Aug-16 15:30RNSDirector/PDMR ShareholdingCompany Announcement - General
05-Aug-16 07:00RNSHalf Year Report - Part 2Results and Trading Reports
05-Aug-16 07:00RNSHalf Year Report - Part 1Results and Trading Reports
01-Aug-16 07:07RNS2016 EBA EU-wide stress test resultsCompany Announcement - General
29-Jul-16 15:18RNSTotal Voting RightsHolding(s) in Company
21-Jul-16 13:15RNSVocaLink Holdings Limited ShareholdingCompany Announcement - General
30-Jun-16 13:18RNSTotal Voting RightsHolding(s) in Company
27-Jun-16 17:12RNSDividend DeclarationDividends
24-Jun-16 12:02RNSPrice Monitoring ExtensionCompany Announcement - General
09-Jun-16 08:00RNSGoldman Sachs European Financials ConferenceCompany Announcement - General
07-Jun-16 17:30RNSPublication of a ProspectusCompany Announcement - General
01-Jun-16 17:25RNSNotification of Major Interest in SharesHolding(s) in Company
31-May-16 15:17RNSTotal Voting Rights and Capital changesHolding(s) in Company
26-May-16 17:15RNSDividend DeclarationDividends
24-May-16 17:56RNSAllotment and Issue of New Ordinary SharesCompany Announcement - General
16-May-16 10:00RNSAppointment of a Non-Executive DirectorExecutive Changes
16-May-16 07:07RNSNotices of RedemptionCompany Announcement - General
11-May-16 15:39RNSDirector/PDMR ShareholdingCompany Announcement - General
10-May-16 12:40RNSNotices of RedemptionCompany Announcement - General
04-May-16 17:45RNSResult of AGMCompany Announcement - General
04-May-16 13:55RNSAGM StatementResults and Trading Reports
29-Apr-16 14:17RNSTotal Voting Rights and Capital changesHolding(s) in Company
29-Apr-16 07:00RNSInterim Management StatementResults and Trading Reports
28-Apr-16 17:41RNSRBS Holdings N.V. and Royal Bank of Scotland N.V.Company Announcement - General
28-Apr-16 13:55RNSUpdate on the disposal of Williams & GlynCompany Announcement - General


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.