trending Market Intelligence /marketintelligence/en/news-insights/trending/eVOoAbMfMKk0DgfERjh3OA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

RBS Group, RBS Plc announce results of tender offers

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

RBS Group, RBS Plc announce results of tender offers

Royal Bank ofScotland Group Plc and Royal Bank of Scotland Plc announced April 7 the resultsof tender offers forcertain U.S. dollar-, pound- and euro-denominated notes.

As of the expiration deadline of April 6, RBS acceptedfor repurchase a total of $1.21 billion, £379.3 million and €1.35 billion of notes.Purchase prices ranged from 100.947% to 103.783% of the principal amount on theeuro-denominated notes; 105.412% to 136.502% of the principal amount of thesterling-denominated notes; and $1,005 to $1,159.85 per $1,000 principal amountfor the dollar-denominated notes, plus accrued and unpaid interest in allcases. 

Settlement is expected to take place April 11.

RBS Securities Inc. served as global arranger and leaddealer manager and Goldman Sachs & Co. served as dealer manager for thedollar-denominated tender offer. ABN AMRO Bank NV, Banca IMI SpA, SociétéGénérale and UniCredit Bank AG served as co-dealer managers.

Royal Bank of Scotland Plc served as global arranger andlead dealer manager on the sterling- and euro-denominated offers, with GoldmanSachs International serving as joint dealer manager. ABN AMRO BankNV, Banca IMI SpA, Société Générale and UniCredit Bank AG served as co-dealermanagers.