RBSG plc priced $1bn 10 yr Tier 2 security

RNS Number : 2382G

Royal Bank of Scotland Group PLC

04 June 2013

 



4 June 2013

The Royal Bank of Scotland Group plc ("RBSG") completed the pricing of its 10-year, USD 1,000,000,000 aggregate principal amount of 6.100% Subordinated Tier 2 Notes due 10 June 2023.

The proceeds to RBSG (before expenses and underwriting discounts) of approximately USD 994,090,000 will be used in part to fund the purchase by The Royal Bank of Scotland N.V. of a certain aggregate amount of subordinated debt securities pursuant to a concurrent cash tender offer.  The remaining net proceeds will be used for general corporate purposes.

The offering is scheduled to close on 10 June 2013 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
Greg Case, Debt Investor Relations
Tel. [phone]

 

END

 

 

MSCFIMLTMBIMMLJ