NatWest Group plc NWG Pricing of GBP1.0bn Additional Tier 1 Notes (8407E)
November 10 2020 - 5:44AM
UK Regulatory
TIDMNWG
RNS Number : 8407E
NatWest Group plc
10 November 2020
NatWest Group plc
10 November 2020
NatWest Group plc ("NWG") completed the pricing of its
GBP1,000,000,000 5.125% Reset Perpetual Subordinated Contingent
Convertible Additional Tier 1 Capital Notes (the "Notes").
The proceeds to NWG (before expenses and underwriting discounts)
of GBP1,000,000,000 from the Notes will be used for general
corporate purposes and to strengthen further NWG's capital base or
the capital base of NWG's subsidiaries and/or the NatWest
Group.
The offering is scheduled to close on 12 November 2020, subject
to the satisfaction of customary conditions.
NWG has filed a registration statement (including a prospectus)
with the U.S. Securities and Exchange Commission (the "SEC") for
the offering to which this communication relates. Investors should
read the prospectus in such registration statement and other
documents NWG has filed with the SEC for more complete information
about NWG and this offering. You may get these documents for free
by visiting the SEC web site at www.sec.gov. Alternatively, copies
may be obtained from NatWest Markets Securities Inc., toll free at
1-866-884-2071.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor will there be
any sale of securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
For further information, please contact:
Scott Forrest
Head of Debt Capital Markets and Capital Strategy
NatWest Group plc
Tel: +44 (0)7747 455969
Legal Entity Identifier: 2138005O9XJIJN4JPN90
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