26 Nov 2015 17:19
The Royal Bank of Scotland Group plc
Impact of recent Liability Management Exercise
26 November 2015
The Royal Bank of Scotland Group plc ("RBS") has completed its recent tender on certain US dollar, Sterling and Euro senior debt securities of The Royal Bank of Scotland plc. The take up rate of the tender was 56.5% with a total of £2.4 billion tendered.
Upon completion of the purchase RBS will recognise a loss of c.£265 million in its Q4 2015 results, booked in the Centre. The transactions are expected to result in a saving of interest expense of c.£455 million over the life of the relevant debt securities, which have contractual maturities between 2017 and 2028.
For further information, please contact:
Investor Relations
Richard O'Connor
Head of Investor Relations
+44 (0) 20 7672 1758
RBS Media Relations
+44 (0) 131 523 4205
ENDS