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Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Scotland plc > News item
Published on 1/20/2016 in the Prospect News Liability Management Daily.

Royal Bank of Scotland to redeem £54.58 million in subordinated notes

By Tanya Meyer

Chicago, Jan. 20 – The Royal Bank of Scotland plc announced plans to redeem £54,582,000 million in fixed rate, undated, subordinated notes on March 14.

The notes will be redeemed at par plus interest up to but excluding the redemption date, according to a news release.

Royal Bank of Scotland originally issued £500 million of the notes under its £12 billion euro medium-term note program.

Royal Bank of Scotland is an Edinburgh, U.K.-based retail banking subsidiary of the Royal Bank of Scotland Group plc.


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