Nachrichten June 30, 2020

The Royal Bank of Scotland’s $1.5 Billion Sec Registered Contingent Convertible Additional Tier 1 Capital Notes Offering

Shearman & Sterling represented the underwriters, led by NatWest Markets Securities Inc. and J.P. Morgan Securities LLC in connection with The Royal Bank of Scotland Group’s (RBSG) offering of $1.5 billion aggregate principal amount of 6.000% reset perpetual subordinated contingent convertible additional tier 1 capital notes. The joint bookrunners included Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and UBS Securities LLC.

Headquartered in Edinburgh, RBSG has a diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers.

The Shearman & Sterling team below also included associate Harekrishna Ashar.

The Team