Impact of recent Liability Management Exercise

RNS Number : 1298H

Royal Bank of Scotland Group PLC

26 November 2015

 



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

[phone]

RBS Media Relations

[phone]

ENDS

 

END

 

 

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