By Andrea Heisinger
New York, Sept. 10 - The Royal Bank of Scotland priced $2 billion of extendible floating-rate notes Wednesday at an initial interest rate of three-month Libor plus 40 basis points, a market source said.
The issue priced at par under Rule 144A.
The notes have a final maturity of 2014, with initial maturity of 2009.
RBS Greenwich Capital was the bookrunner.
The financial services company is based in Edinburgh, Scotland.
| Issuer: | The Royal Bank of Scotland
|
| Issue: | Extendible floating-rate notes
|
| Amount: | $2 billion
|
| Maturity: | 2009 (initial), 2014 (final)
|
| Bookrunner: | RBS Greenwich Capital
|
| Coupon: | Three-month Libor plus 40 bps (initial)
|
| Price: | Par
|
| Distribution: | Rule 144A
|
| Trade date: | Sept. 10
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
