RBS plc - US$ Cash Tender Offer Results

RNS Number : 3557V

Royal Bank of Scotland Group PLC

11 January 2013

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON RESIDENT AND/OR LOCATED IN, ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL

JANUARY 11, 2013

THE ROYAL BANK OF SCOTLAND PLC CASH TENDER OFFER FOR CERTAIN
U.S. DOLLAR SECURITIES: ANNOUNCEMENT OF FINAL RESULTS

On January 3, 2013, The Royal Bank of Scotland plc (the "Offeror") invited holders of the securities listed below (the "Securities") to tender any and all of their Securities for purchase by the Offeror for cash (the "Offers") on the terms of, and subject to the conditions contained in, a tender offer memorandum dated January 3, 2013 (the "Tender Offer Memorandum"). Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Tender Offer Memorandum.

Further to such invitation, the Offeror announced at 9.30 a.m. (New York City time) on January 10, 2013 the Fixed Rate Purchase Price in respect of each series of Fixed Rate Securities.

The Offers expired at 12:30 p.m. (New York City time) on January 10, 2013. The Offeror hereby informs Holders that the aggregate principal amount of each series of Securities validly tendered and to be accepted for purchase is set out in the table below, and each Holder who validly tendered and had its securities accepted is entitled to receive on the Settlement Date, which is expected to be January 14, 2013, the applicable Purchase Price plus the applicable Accrued Interest.

	Title of Floating Rate Note	ISIN	CUSIP			Principal Amount Outstanding		Floating Rate Purchase Price*		Aggregate Principal Amount Accepted for Purchase
	Floating Rate Notes due 2013	US78010XAF87	78010XAF8			U.S.$492,313,000		U.S.$1,014.50 per U.S.$1,000 in principal amount		U.S.$361,890,000
Title of Fixed Rate Note		ISIN		CUSIP	Principal Amount Outstanding		Fixed Spread		Fixed Rate Purchase Price*		Aggregate Principal Amount Accepted for Purchase
3.400% Senior Notes due 2013		US78010XAD30		78010XAD3	U.S.$1,073,055,000		+10 basis points		U.S.$1,018.53		U.S.$245,607,000
3.250% Senior Notes due 2014		US78010XAJ00		78010XAJ0	U.S.$252,822,000		+40 basis points		U.S.$1,025.68		U.S.$89,692,000
4.875% Senior Notes due 2014		US78010KCV98 (Reg. S) US78010JCV26 (Rule 144A)		78010KCV9 (Reg. S) 78010JCV2 (Rule 144A)	U.S.$1,532,382,000		+60 basis points		U.S.$1,064.40		U.S.$364,843,000
4.875% Senior Notes due 2015		US78010XAC56		78010XAC5	U.S.$1,198,792,000		+65 basis points		U.S.$1,082.75		U.S.$328,087,000
5.000% Senior Notes due 2015		XS0497714526		N/A	U.S.$171,801,000		+65 basis points		U.S.$1,091.75		U.S.$119,592,000
3.950% Senior Notes due 2015		US78010XAG60		78010XAG6	U.S.$1,158,364,000		+80 basis points		U.S.$1,073.48		U.S.$167,278,000

*       Per U.S.$1,000 principal amount. In addition to the Floating Rate Purchase Price or the Fixed Rate Purchase Price, as applicable, Holders will receive accrued and unpaid interest (if any) on the relevant Securities from (and including) the immediately preceding interest payment date for such Securities to (but excluding) the Settlement Date.

FURTHER INFORMATION

Global Bondholder Services Corporation has been appointed by the Offeror as Tender Agent (the "Tender Agent") for the purposes of the Tender Offer.

RBS Securities Inc., an affiliate of the Offeror, has been appointed as Global Arranger and Lead Dealer Manager in connection with the Offers. J.P. Morgan Securities LLC and RBS Securities Inc. have been appointed as Joint Dealer Managers and ABN AMRO Securities (USA) LLC, Credit Agricole Securities (USA) Inc. and Mediobanca - Banca di Credito Finanziario S.p.A. have been appointed as Co-Dealer Managers for the purposes of the Offers.

Requests for information in relation to the Offers should be directed to:

GLOBAL ARRANGER AND LEAD DEALER MANAGER

RBS Securities Inc.
600 Washington Boulevard
Stamford, CT 06901
United States
Attention: Liability Management
[phone] (collect)
[phone] (toll-free)

JOINT DEALER MANAGERS

RBS Securities Inc. 600 Washington Boulevard Stamford, CT 06901 United States Attention: Liability Management [phone] (collect) [phone] (toll-free)

J.P. Morgan Securities LLC 383 Madison Avenue New York, NY 10179 United States Attention: Liability Management [phone] (collect) [phone] (toll-free) Email: [e-mail]

TENDER AGENT

GLOBAL BONDHOLDER SERVICES CORPORATION 65 Broadway - Suite 404 New York, New York 10006 United States Banks and Brokers, Call Collect: [phone] All Others Call Toll Free: [phone]

NOTICE

Subject to applicable law, the Offeror or any of its affiliates may at any time and from time to time following completion of the Offers purchase remaining outstanding Securities by tender, in the open market, by private agreement or otherwise on such terms and at such prices as the Offeror, or if applicable, its affiliates may determine. Such terms, consideration and prices may be more or less favorable than those offered pursuant to the Offers.

 

END

 

 

MSCZMGMMGMKGFZM