By Ian Walker

 

LONDON--Royal Bank of Scotland Group PLC (RBS.LN) Thursday priced an additional $2.65 billion of 8.625% perpetual subordinated contingent convertible Tier 1 capital notes, which it plans to use for general corporate purposes.

The 73% government-owned bank said the offering is scheduled to close Aug. 15.

 

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

August 11, 2016 02:35 ET (06:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Royal Bank of Scotland Charts.
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Royal Bank of Scotland Charts.