Royal Bank of Scotland Group PLC
16 August 2004
The Royal Bank of Scotland Group plc
16 August 2004
THE ROYAL BANK OF SCOTLAND GROUP PLC AND RBS CAPITAL TRUSTS III AND IV PLAN TO
ISSUE NON-CUMULATIVE TRUST PREFERRED SECURITIES
The Royal Bank of Scotland Group plc ('the Group') intends to issue
Non-Cumulative Trust Preferred Securities ('the Securities') denominated in US
Dollars through RBS Capital Trust III ('Trust III') and RBS Capital Trust IV
('Trust IV'). The offering will be made pursuant to a Form F-3 shelf
registration statement which the group has filed with the Securities and
Exchange Commision.
The Trust III securities will initially pay a fixed rate coupon and the Trust IV
securities will pay a floating rate coupon.
The proceeds of the issue of these Securities will be used to further strengthen
the Group's capital base and for general corporate purposes.
JPMorgan, Lehman Brothers and RBS Greenwich Capital are advising RBS jointly in
connection with the issue. This announcement shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of the
Trust III securities or Trust IV securities in any State of the US in which such
offer, solicitation or sale would be unlawful prior to the registration or
qualification under the Securities Laws of any such State.
For further information, please contact:
The Royal Bank of Scotland Group plc
Fred Watt Ron Huggett
Group Finance Director Capital Raising Director
42 St Andrew Square 280 Bishopsgate
Edinburgh London
EH2 2YE EC2M 4RB
Tel: 0131 523 5171 Tel: 020 7375 4925
JPMorgan Lehman Brothers International
David Sismey Nick Turnor
Vice President Executive Director
125 London Wall 25 Bank Street
London London
EC2Y 5AJ E14 5LE
Tel: 020 7325 5486 Tel: 020 7103 2164
RBS Greenwich Capital
Gordon Taylor
Director
135 Bishopsgate
London
EC2M 3UR
Tel 020 7334 1217
Stabilisation - FSA
This information is provided by RNS
The company news service from the London Stock Exchange
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