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RBS Regulatory News (RBS)



Regulatory News for RBS (RBS)


Share Price: 232.50Bid: 232.40Ask: 232.60Change: -2.50 (-1.06%)Faller - Royal Bank Scot
Spread: 0.20Spread as %: 0.09%Open: 233.00High: 233.50Low: 231.80Yesterday’s Close: 235.00





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
 
 
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