IFLR1000

RBS £2.4 billion bond buyback

11/4/2016
Bond/note buyback
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£ 2.4 billion

$ 2.973 billion

Completed

11/4/2016

Overview:

  • Royal Bank of Scotland (RBS) has made a cash offer for its outstanding dollar, euro and sterling senior securities.
  • RBS, Deutsche Bank and UBS acted as dealer managers.
  • The offers expired on November 24 2015 and the takeup was around 43.5%.
  • The buyback is part of RBS's move to a holding company funding model.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

Bond/note buyback

Practice area:

Capital markets : Debt

Industry sector:

Banking

Firm:
Allen & Overy

Party: Royal Bank of Scotland (RBS) (Issuer, Acquirer)

Lawyer: Jonathan Melton

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