RBS Prices USD1.50 Billion Notes As It Bids To Bolster "Capital Base"

Thu, 25th Jun 2020 09:50

(Alliance News) - Royal Bank of Scotland Group PLC on Thursday priced notes issue, with proceeds to be used for "general corporate purposes".

The bank's USD1.50 billion additional tier 1 capital notes carry a 6.000% interest.

The USD1.50 billion proceeds from the issue "will be used for general corporate purposes and to strengthen further RBSG's capital base," the FTSE 100 firm explained.

The offer is scheduled to close on Monday.

RBS shares were broadly flat at 119.70 pence each in London on Thursday morning.

By Eric Cunha; ericcunha@alliancenews.com

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