Non-Cum Trust Preferred
04 Dezembro 2003 - 8:25AM
UK Regulatory
RNS Number:8540S
Royal Bank of Scotland Group PLC
04 December 2003
THE ROYAL BANK OF SCOTLAND GROUP PLC AND RBS CAPITAL TRUST II COMPLETE SALE OF
US$650 MILLION NON-CUMULATIVE TRUST PREFERRED SECURITIES
The Royal Bank of Scotland Group plc has agreed to issued US$650 million of
Non-cumulative Trust Preferred Securities ("the Securities") through RBS Capital
Trust II. The offering was targeted to US institutional investors. The
securities will pay a fixed 6.425% coupon rate until January 3, 2034. The
Securities are redeemable at the option of RBS Capital Trust II on January 3,
2034 or on any distribution payment date thereafter at par, subject to prior
consent by the UK Financial Services Authority. After January 3, 2034, the
distribution rate will adjust to 1.9425% per annum above three-month US dollar
LIBOR. The Securities have a liquidation preference of US$1,000. The securities
will be issued on December 10, 2003.
No application has been or will be made to list the Notes in the UK or the US
and the Notes are not being offered or sold to the public in the UK.
For further information, please contact:
The Royal Bank of Scotland Group plc
Ron Huggett Richard O'Connor
Capital Raising Director Head of Investor Relations
280 Bishopsgate 280 Bishopsgate
London London
EC2M 4RB EC2M 4RB
Tel: 020 7375 4925 Tel: 020 7672 1758
Citigroup Global Markets JP Morgan
Alan Patterson David Sismey
Managing Director Vice President
Citigroup Centre 125 London Wall
33 Canada Square London
Canary Wharf EC2Y 0JP
London
E14 5LB
Tel: 020 7986 8964 Tel: 020 7325 5486
The Royal Bank of Scotland
Gordon Taylor
Director
135 Bishopsgate
London
EC2M 3UR
Tel: 0207 334 1217
Stabilisation - FSA
This information is provided by RNS
The company news service from the London Stock Exchange
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