THE ROYAL BANK OF SCOTLAND GROUP PLC
COMPLETES US$ 675 MILLION PREFERENCE SHARE ISSUE
26th May 2006
The Royal Bank of Scotland Group plc ("the Group") has completed the issue of 27,000,000 Category II Non-cumulative Dollar Preference Shares designated Series Q ("the Series Q Dollar Preference Shares"). The proceeds of the issue of the Series Q Dollar Preference Shares, after deducting underwriting commissions, amount to approximately US$654,000,000. Application has been made for the Series Q Dollar Preference Shares to be listed on the New York Stock Exchange.
The Group was advised in connection with the issue by Citigroup Global Markets Inc. and RBS Greenwich Capital, who are also acting with Merrill Lynch & Co, Morgan Stanley, UBS Securities LLC, and Wachovia Securities as managers.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Series Q Dollar Preference Shares in any State of the US in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such State. Further, no Series Q Dollar Preference Shares will be offered to the public in the UK.
For further information, please contact:
The Royal Bank of Scotland Group plc
|
Guy Whittaker |
Ron Huggett |
