20 May 2020 07:04
The Royal Bank of Scotland Group plc
19 May 2020
The Royal Bank of Scotland Group plc ("RBSG") completed the pricing of its USD 1,000,000,000 3.073% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2028 ("2028 Notes") and USD 600,000,000 2.359% Senior Callable Fixed-to-Fixed Reset Rate Green Notes due 2024 ("Green Notes").
The proceeds to RBSG (before expenses and underwriting discounts) of USD 1,000,000,000 from the 2028 Notes will be used to fund RBSG's general banking business. The proceeds to RBSG (before expenses and underwriting discounts) of USD 600,000,000 from the Green Notes will be used to finance and/or refinance, in whole or in part, Eligible Green Loans, as defined in and in accordance with RBSG's Green, Social and Sustainability Bond Framework.
The offering is scheduled to close on 22 May 2020, subject to the satisfaction of customary conditions.
RBSG has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Investors should read the prospectus in such registration statement and other documents RBSG has filed with the SEC for more complete information about RBSG and this offering. You may get these documents for free by visiting the SEC web site at www.sec.gov. Alternatively, copies may be obtained from NatWest Markets Securities Inc., toll free at 1-866-884-2071.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
For further information, please contact:
Scott Forrest
Head of Debt Capital Markets and Capital Strategy
The Royal Bank of Scotland Group plc
Tel: +44 (0)7747 455969
Legal Entity Identifier: 2138005O9XJIJN4JPN90