LONDON-- Royal Bank of Scotland Group PLC (RBS.LN) Tuesday announced an issue of shares to raise 85 million pounds ($138 million) as it seeks to maintain a strong capital position.

The 80% government-owned bank said it issued 23.9 million shares at 355.9 pence a share.

"The shares being issued are for the purposes of partly neutralising the impact of 2014 coupon payments on discretionary hybrid capital from a Core Tier 1 capital perspective," RBS said.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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