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Preference Shareholders

Certain preference shares are traded through a New York Stock Exchange listed American Depositary Receipt programme. Read about our various preference share programmes here.

For the most recent announcement around payment of preference shares, please follow the link to our announcements pages.

Our ADR preference shares are traded on the NYSE and the depository and paying agent is the Bank of New York. The depositary bank plays a key role in the process of issuance and cancellation of ADRs. It also maintains the ADR holder register and distributes the dividends in US dollars.

Preference share information and trading symbols

Series
NYSE Ticker
ISIN
Description Remaining
call features
Annual dividend/
interest rate
payable
Dividend/interest
Payment Dates(1)
RBS D
RBSPRD
US7800976067
Non-cumulative preference shares Called on 06/03/06 8.2125% N/A
Company Announcement
RBS E
RBSPRE
US7800977057
Non-cumulative preference shares Called on 14/12/06 8.1% N/A
Company Announcement
RBS F
RBSPRF
US7800978048
Non-cumulative preference shares @ par ($25) (in part or whole) on or after 31/03/07 7.65% Payable quarterly: End Mar, Jun, Sep, Dec
RBS G
RBSPRG
US7800978873
Non-cumulative preference shares Called on 18/12/06 7.4% N/A
Company Announcement
RBS H
RBSPRH
US7800978790
Non-cumulative preference shares @ par ($25) (in part or whole) on or after 31/03/04 7.25% Payable quarterly: End Mar, Jun, Sep, Dec
RBS I
RBSPRI
US7800978618
Non-cumulative preference shares Called on 06/03/06 8.0% N/A
Company Announcement
RBS J
RBSPRJ
US7800978535
Non-cumulative preference shares Called on 28/11/05 N/A N/A
Company Announcement
RBS K
RBSPRK
US7800978204
Non-cumulative preference shares Called on 14/12/06 7.875% N/A
Download prospectus supplement
Company Announcement
RBS L
RBSPRL
US7800977883
Non-cumulative preference shares(2) @ par ($25) (in part or whole) on or after 30/09/09. 5.75% Payable quarterly: End Mar, Jun, Sep, Dec
Company Announcement
RBS M
RBSPRM
US7800977966
Non-cumulative preference shares @ par ($25) (in part or whole) on or after 30/09/09 6.4% Payable quarterly: End Mar, Jun, Sep, Dec
Download prospectus supplement | Company Announcement
RBS N
RBSPRN
US7800977701
Non-cumulative preference shares @ par ($25) (in part or whole) on or after 30/06/10 6.35% Payable quarterly: End Mar, Jun, Sep, Dec
Download prospectus supplement | Company Announcement
RBS P
RBSPRP
US780097762
Non-cumulative preference shares @ par ($25) (in part or whole) on or after 31/12/10 6.25% Payable quarterly: End Mar, Jun, Sep, Dec
Download prospectus supplement | Company Announcement
RBS Q
RBSPRQ
US7800977545
Non-cumulative preference shares @ par ($25) (in part or whole) on or after 30/06/11 6.75% Payable quarterly: End Mar, Jun, Sep, Dec
Download prospectus supplement | Company Announcement
RBS R
RBSPRR
US7800977479
Non-cumulative preference shares @ par ($25) (in part or whole) on or after 30/12/11 6.125% Payable quarterly: End Mar, Jun, Sep, Dec
Download prospectus supplement | Company Announcement
RBS S
RBSPRS
US780097739
Non-cumulative preference shares @ par ($25) (in part or whole) on or after 30/06/12 6.6% Payable quarterly: End Mar, Jun, Sep, Dec
Download prospectus supplement | Company Announcement
RBS T
RBSPRT
US7800977131
Non-cumulative preference shares @ par ($25) (in part or whole) on or after 31/12/12 7.25% Payable quarterly: End Mar, Jun, Sep, Dec
Download prospectus supplement | Company Announcement | Company Announcement
RBS X
RBSPRX
US7800975077
Exchangeable Capital Securities Called on 31/12/05 8.5% N/A
Download prospectus supplement |  Company Announcement
RBS Y
RBSPRY
US780097200
Exchangeable Capital Securities(2) Converted on 30/09/2004 N/A N/A
Download prospectus supplement |  Company Announcement

(1) As with all preference shares, dividend payments are subject to certain legal requirements.
(2) On September 30, 2004, RBS exchanged each $25 principal amount of X-CAPS, Series B (RBS Y) for one Non-cumulative Dollar Preference Share, Series L with a liquidation preference of $25 ("Series L Dollar Preference Shares"). Please refer to the Company announcement for more information.

For further information please contact the Depositary:
The Bank of New York
Shareholder Relations
P.O.Box 11258
Church St. Station
New York, NY 10286

Toll Free telephone for callers from the United States
1-888-BNY-ADRS (1-888-269-2377)
Telephone for callers outside the United States
1-610-382-7836
E-mail enquiries
shareowners@bankofny.com
BNY ADR website
www.adrbny.com


Other Preferred Securities

In addition to the ADR preference shares noted above, the table below contains selected information relating to some of the other preferred securities issued by RBS. The list below does not represent a complete list of all preferred securities issued by RBS nor does it show all information that investors may find relevant.

Series 1 Euro Preferred Securities

Issue Date: 29/11/04 Issue Value: € 1,250 million Issue Price: € 1,000

ISIN Remaining
call features
Annual dividend/
interest rate
payable
Dividend/interest
Payment Dates
XS0205935470 Can be redeemed by the Company on each quarter end on or after 31/12/09 at Euro 1,000 per security, plus accrued dividends for the then-current dividend period. 5.5% Payable in Euro annually in arrear on 31 Dec, with the first payment being on 31/12/05.
Download prospectus | Company Announcement

Series 2 Euro Preferred Securities

Issue Date: 23/06/05 Issue Value: € 1,250 million Issue Price: € 1,000

ISIN Remaining
call features
Annual dividend/
interest rate
payable
Dividend/interest
Payment Dates
DE000A0E6C37 Can be redeemed by the Company on each quarter end on or after 30/06/10 at Euro 1,000 per security, plus accrued dividends for the then-current dividend period. 5.25% Payable in Euro annually in arrear on 30 June, with the first payment being on 30/06/05.
Download prospectus | Company Announcement

Series 3 Euro Preferred Securities

Issue Date: 04/10/07 Issue Value: € 1,300 million Issue Price: € 50,000

ISIN Remaining
call features
Annual dividend/
interest rate
payable
Dividend/interest
Payment Dates
XS0323734961 Can be redeemed by the Company on each quarter end on or after 29/09/17 at Euro 50,000 per security, plus accrued dividends for the then-current dividend period. 7.0916% Payable in Euro annually in arrear on 30 September, with the first payment being on 30/09/08.
Download prospectus | Company Announcement

Series 1 Sterling Preferred Securities

Issue Date: 04/10/07 Issue Value: £ 750 million Issue Price: £ 1,000

ISIN Remaining
call features
Annual dividend/
interest rate
payable
Dividend/interest
Payment Dates
XS0323839042 Can be redeemed by the Company on each quarter end on or after 05/10/12 at GBP 1,000 per security, plus accrued dividends for the then-current dividend period. 8.162% Payable in GBP annually in arrear on 30 September, with the first payment being on 30/09/08.
Download prospectus | Company Announcement

Series U American Depository Receipts (ADR) Preferred Securities

Issue Date: 26/09/07 Issue Value: $1.5 billion Issue Price: $100,000

ISIN Remaining
call features
Annual dividend/
interest rate
payable
Dividend/interest
Payment Dates
US780097AU54 Can be redeemed by the Company on 29/09/17, or any quarterly dividend date falling on or around any tenth anniversary thereafter at USD 100,000 per security, plus accrued dividends for the then-current dividend period. 7.64% Payable in USD semi-annually in arrear on 31 March and 30 September, with the first payment being on 31/03/08.
Download prospectus

For further information please contact Investor Relations

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