Shearman And Sterling

News April 05, 2019

NatWest Markets plc’s US MTN Program Establishment and $1.3 Billion Notes Offering

Shearman & Sterling represented the dealers, led by arrangers NatWest Markets Securities and J.P. Morgan, in connection with NatWest Markets plc’s establishment of a U.S. medium-term note program and inaugural offering of $1 billion of 3.625% senior notes due 2022 and $300 million of floating rate senior notes due 2022. This is NatWest Markets plc’s first offering in the U.S. markets. 

NatWest Markets plc provides risk management, trading solutions and debt financing principally to global financial institutions and U.K. and European corporate customers to help these customers manage their financial risks and achieve their short- and long-term financial goals while navigating changing markets and regulation. Following the implementation of the U.K. ring-fencing regime, which requires the separation of essential banking services from investment banking services from January 1, 2019, NatWest Markets plc is the main non-ringfenced entity of The Royal Bank of Scotland Group plc, and is required to self-finance.

The Team