Royal Bank of Scotland Raises GBP85 Million in Share Issue
September 30 2014 - 1:43PM
Dow Jones News
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
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Apr 2023 to Apr 2024