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RBS Regulatory News (RBS)



Regulatory News for RBS (RBS)


Share Price: 257.50Bid: 257.30Ask: 257.50Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 0.20Spread as %: 0.08%Open: 256.90High: 257.60Low: 253.10Yesterday’s Close: 257.50





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
 

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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
07-Aug-17 17:43RNSNotice of RedemptionCompany Announcement - General
07-Aug-17 14:21RNSPublication of Suppl.ProspctsCompany Announcement - General
07-Aug-17 07:00RNSRedemption of Non-cumulative Dollar Pref. SharesCompany Announcement - General
04-Aug-17 16:48RNSRedemption of Non-cumulative Preference SharesCompany Announcement - General
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12-Jul-17 11:00RNSTR-1 Notification of Major ShareholdingsHolding(s) in Company
06-Jul-17 11:03RNSTotal Voting RightsHolding(s) in Company
30-Jun-17 17:38RNSAllotment and Issue of New Ordinary SharesCompany Announcement - General
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08-Jun-17 14:00RNSDirector/PDMR ShareholdingDirectors' Dealings
02-Jun-17 14:12RNSBlock Listing CancellationCompany Announcement - General
01-Jun-17 10:15RNSDirector DeclarationExecutive Changes
31-May-17 17:36RNSDividend DeclarationDividends
31-May-17 14:55RNSTotal Voting RightsHolding(s) in Company
30-May-17 08:00RNSDeutsche Bank Global Financial Services ConferenceCompany Announcement - General
16-May-17 17:08RNSCapital Reorganisation - notice of petitionCompany Announcement - General
12-May-17 14:00RNSDirector/PDMR ShareholdingDirectors' Dealings
11-May-17 18:03RNSResult of AGMResults and Trading Reports
11-May-17 13:55RNSAGM StatementResults and Trading Reports
11-May-17 13:45RNSDirectorate ChangeExecutive Changes
11-May-17 10:30RNSRBSG priced $3.0 billion Senior NotesCompany Announcement - General
09-May-17 17:40RNSPublication of Supplementary ProspectusCompany Announcement - General
28-Apr-17 17:55RNSRBS Holdings N.V. and Royal Bank of Scotland N.V.Company Announcement - General
28-Apr-17 17:25RNSPublication of Supplementary ProspectusCompany Announcement - General


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