Royal Bank of Scotland PLC
17 June 2004
THE ROYAL BANK OF SCOTLAND plc
The Royal Bank of Scotland plc ("the Bank") is pleased to announce that a € 1.5
billion (Junior) Subordinated Upper Tier II issue was launched today. The notes
will be perpetual with a first call date of 03 July 2014.
The notes are made up of 2 tranches:
€ 500 million, Fixed Rate tranche, priced at a spread of 65 basis points over
the 10yr mid-swap rate.
€ 1 billion, Floating Rate tranche, priced at 3 month EURIBOR + 60 basis points.
The lead manager and bookrunner for the deal was The Royal Bank of Scotland plc,
with UBS as joint lead manager. A group of co-managers is being formed.
The notes will be issued under the Bank's Euro Medium Term Note Programme, and
will be listed on the London Stock Exchange.
For further information, please contact:
The Royal Bank of Scotland Group plc
Capital Raising Director
Tel: 020 7375 4925
Head of Investor Relations
Tel: 020 7672 1758
The Royal Bank of Scotland plc
Director Primary Markets
Tel: 020 7334 1217
Executive Director, Debt Capital Markets
100 Liverpool Street
Tel: 020 7567 2661
This information is provided by RNS
The company news service from the London Stock Exchange