RBSG Announces $2.25 billion Tier 2 Transaction

RNS Number : 8142H

Royal Bank of Scotland Group PLC

22 May 2014

 



22 May 2014

The Royal Bank of Scotland Group plc ("RBSG") completed the pricing of its ten-year, USD 2,250,000,000 aggregate principal amount of 5.125% Subordinated Tier 2 Notes due 28 May 2024.

The net proceeds to RBSG of approximately USD 2,223,292,500 will be used for general corporate purposes.

The offering is scheduled to close on 28 May 2014 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 RBS 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:

RBS Group Investor Relations

Tel. [phone]

 

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