NWG Natwest Group Plc

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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