Shearman And Sterling

News May 29, 2014

Shearman & Sterling Advises on US$2.25 Billion Bond Offering by The Royal Bank of Scotland

Shearman & Sterling represented the underwriters, led by RBS Securities Inc., in connection with a global offering by The Royal Bank of Scotland Group plc of US$2.25 billion in aggregate principal amount of 5.125% Subordinated Tier 2 Notes due 2024.

The RBS Group is one of the world’s largest banking and financial services organizations. It is headquartered in Edinburgh and provides a wide range of products and services to personal, commercial and large corporate and institutional customers in over 40 countries.

The Shearman & Sterling team of lawyers in the firm’s London and Washington, DC offices included capital markets partner David Dixter and associates Yaw Asare, Lulu Zhou and Rainer Adlhart. Partner Kristen Garry and associate Judy Fisher provided US tax advice, counsel Simon Letherman provided UK tax advice, and partner Thomas Donegan and associate James Campbell advised on UK financial institutions regulatory aspects of the offering.