Information  X 
Enter a valid email address

Royal Bk.of Scot. (81NQ)

  Print      Mail a friend

Thursday 17 June, 2004

Royal Bk.of Scot.

Capital Raising

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

Ron Huggett

Capital Raising Director

280 Bishopsgate

London

EC2M 4RB

Tel: 020 7375 4925

Richard O'Connor

Head of Investor Relations

280 Bishopsgate

London

EC2M 4RB

Tel: 020 7672 1758


The Royal Bank of Scotland plc

Gordon Taylor

Director Primary Markets

135 Bishopsgate

London

EC2M 3UR

Tel: 020 7334 1217

UBS

Gary Abrahams

Executive Director, Debt Capital Markets

100 Liverpool Street

London

EC2M 2RH

Tel: 020 7567 2661

Stabilisation FSA


                      This information is provided by RNS
            The company news service from the London Stock Exchange