Royal Bank Of Scotland Prices $3.15 Billion of Bonds
06 August 2015 - 5:58PM
Dow Jones News
By Rory Gallivan
LONDON--Royal Bank of Scotland Group PLC (RBS.LN) Thursday said
it has completed the pricing of $3.15 billion of perpetual bonds
and will use the funds for general corporate purposes.
The bank said $2 billion of the bonds will have a yield of 7.5%
and $1.15 billion will have an 8% yield.
"This is another important step in the road towards becoming a
much stronger, safer bank for our customers and shareholders," said
Chief Executive Ross McEwan.
"Improving our capital resilience has been an integral part of
our plan and we are well on track to achieve this," he added.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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