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Royal Bank Of Scotland To Redeem USD2 Billion In Notes

Mon, 29th Jun 2020 09:07

(Alliance News) - Royal Bank of Scotland Group PLC on Monday said it will redeem USD2 billion of outstanding 7.5% perpetual subordinated contingent convertible additional tier 1 capital notes on August 10.

All of the outstanding notes will be redeemed at 100% of principal amount, together with accrued and unpaid interest, the Edinburgh-based lender added. The notes will be cancelled after redemption.

Shares in RBS were down 0.7% at 117.70 pence each in London on Monday morning.

By Tapan Panchal; tapanpanchal@alliancenews.com

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