Royal Bank of Scotland Group PLC Impact of recent Liability Management Exercise (1298H)
November 26 2015 - 12:19PM
UK Regulatory
TIDMRBS
RNS Number : 1298H
Royal Bank of Scotland Group PLC
26 November 2015
The Royal Bank of Scotland Group plc
Impact of recent Liability Management Exercise
26 November 2015
The Royal Bank of Scotland Group plc ("RBS") has completed its
recent tender on certain US dollar, Sterling and Euro senior debt
securities of The Royal Bank of Scotland plc. The take up rate of
the tender was 56.5% with a total of GBP2.4 billion tendered.
Upon completion of the purchase RBS will recognise a loss of
c.GBP265 million in its Q4 2015 results, booked in the Centre. The
transactions are expected to result in a saving of interest expense
of c.GBP455 million over the life of the relevant debt securities,
which have contractual maturities between 2017 and 2028.
For further information, please contact:
Investor Relations
Richard O'Connor
Head of Investor Relations
+44 (0) 20 7672 1758
RBS Media Relations
+44 (0) 131 523 4205
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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