London South East Logo | UK Share Price information



Register
Login:
Share:
Email Facebook Twitter




RBS Regulatory News (RBS)



Regulatory News for RBS (RBS)


Share Price: 297.30Bid: 296.90Ask: 297.10Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 0.20Spread as %: 0.07%Open: 295.50High: 310.10Low: 292.50Yesterday’s Close: 297.30





Notices of Redemption

Tue, 10th Oct 2017 17:11

RNS Number : 2424T
Royal Bank of Scotland Group PLC
10 October 2017
 

Notices of Redemption

RBS Capital Trust B (the "Trust")
and
The Royal Bank of Scotland Group plc (the "Bank")
(collectively, the "Issuers")

The holders of the following securities (the "Securities") have been notified by the Issuers of the upcoming redemption of the Securities on 31 December 2017:

A.        the US$750,000,000 6.80% Non-cumulative Trust Preferred Securities issued by the Trust pursuant to the Amended and Restated Declaration of Trust dated 5 December 2002 of the Trust (the "Declaration of Trust") (ISIN Code: XS0159056208) (the "TPS"); and

B.        the US$750,001,000 Fixed Rate Callable Subordinated Notes due 2042 issued by the Bank pursuant to the Trust Deed dated 5 December 2002 (ISIN Code: XS0158336296) (the "Subordinated Notes").

As a result of previous public tender offers for the TPS, the Bank already holds US$264,142,000 of the TPS.

The Bank has elected to redeem the Securities on 31 December 2017 in accordance with the Conditions of the Subordinated Notes. The TPS are being redeemed, pursuant to Section 8.03 of the Declaration of Trust, as a result of the Partnership exercising its rights to redeem all of the Partnership Preferred Securities under Section 5.03(e)(ii) of the Partnership Agreement. Terms used but not defined herein shall have the meaning given to them in the relevant notice of redemption or, if not defined therein, the meaning given to them in the Declaration of Trust or the Partnership Agreement. The Issuers have sent the notices to the holders pursuant to the terms of the Securities. To view the notices, please click on the links below.

http://www.rns-pdf.londonstockexchange.com/rns/2424T_-2017-10-10.pdf

http://www.rns-pdf.londonstockexchange.com/rns/2424T_1-2017-10-10.pdf

For further information, please contact:

Scott Forrest

Head of RBS Debt Capital Markets & Capital Strategy

Tel: +44 (0) 20 7678 5313

 

 

 

Legal Entity Identifier:  2138005O9XJIJN4JPN90

 


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






DateSourceHeadlineCategory
03-Jan-18 17:05RNSPublication of Suppl.ProspctsCompany Announcement - General
29-Dec-17 13:20RNSDirector/PDMR ShareholdingDirectors' Dealings
29-Dec-17 13:20RNSTotal Voting RightsHolding(s) in Company
21-Dec-17 10:14RNSSegmental Reporting Restatement DocumentCompany Announcement - General
21-Dec-17 09:00RNSDirectorate ChangeExecutive Changes
07-Dec-17 17:23RNSPublication of a ProspectusCompany Announcement - General
30-Nov-17 15:29RNSTotal Voting RightsHolding(s) in Company
28-Nov-17 07:06RNS2017 Bank of England Stress Test ResultsCompany Announcement - General
23-Nov-17 17:00RNSDividend DeclarationDividends
21-Nov-17 15:53RNSUpdate on Ring-Fencing PlansCompany Announcement - General
08-Nov-17 15:28RNSDirector/PDMR ShareholdingDirectors' Dealings
31-Oct-17 13:41RNSTotal Voting RightsHolding(s) in Company
27-Oct-17 16:17RNSPublication of Suppl.ProspctsCompany Announcement - General
27-Oct-17 07:00RNSQ3 2017 Interim Management StatementResults and Trading Reports
24-Oct-17 17:37RNSDisposal of shareholdings in Euroclear plcMergers, Acquisitions and Disposals
10-Oct-17 17:11RNSNotices of RedemptionCompany Announcement - General
05-Oct-17 12:24RNSBlock listing Interim ReviewCompany Announcement - General
29-Sep-17 14:39RNSTotal Voting RightsHolding(s) in Company
29-Sep-17 13:55RNSThe Royal Bank of Scotland N.V. Interim ResultsResults and Trading Reports
27-Sep-17 18:20RNSAllotment and Issue of New Ordinary SharesCompany Announcement - General
26-Sep-17 09:00RNSBank of America Merrill Lynch ConferenceCompany Announcement - General
18-Sep-17 17:15RNSEC formally approves Alternative Remedies PackageCompany Announcement - General
11-Sep-17 13:30RNSBarclays Global Financial Services ConferenceCompany Announcement - General
01-Sep-17 14:35RNSDirectorate ChangeExecutive Changes
31-Aug-17 09:50RNSTotal Voting RightsCompany Announcement - General
23-Aug-17 18:11RNSDividend DeclarationDividends
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


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.