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RBS prices $2B senior debt

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RBS prices $2B senior debt

Royal Bank of Scotland Group PLC has priced $2 billion of senior debt.

The notes, which carry a 4.269% fixed rate to floating rate, will mature in 2025, the bank said March 20. The offering is slated to close March 22, subject to certain customary conditions.

The group will use proceeds from the offering to fund its general banking business.