Shearman & Sterling represented the underwriters, led by NatWest Markets Securities Inc., in connection with The Royal Bank of Scotland Group plc's offering of $1.75 billion 4.892% fixed-rate/floating-rate senior notes due 2029. The joint bookrunners included Credit Suisse, JP Morgan, Morgan Stanley and UBS Investment Bank.

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 Team