Shearman And Sterling

News September 16, 2016

Shearman & Sterling Advises on Royal Bank of Scotland's $2.65 Billion Senior Notes Offering

Shearman & Sterling represented the underwriters, led by RBS Securities Inc., in connection with The Royal Bank of Scotland Group plc's offering of $2.65 billion 3.875% senior notes due 2023. The joint bookrunners included Bank of America Merrill Lynch, BNP Paribas and Morgan Stanley.

The Royal Bank of Scotland, headquartered in Edinburgh, 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 was led by partner David Dixter (London-Capital Markets) and included associates Yaw Asare and Elena Dzhurova (all London-Capital Markets). The team also included partners Kristen Garry (Washington DC-Tax) and Simon Letherman (London-Tax); and associates Kammy Lai (Washington DC-Tax), Adam Sternberg (New York-Tax), Sarah Moir-Porteous (London-Tax) and Lois Howarth (London-Tax).