RBS Raises GBP50.7 Million in Share Issue
July 16 2018 - 1:08PM
Dow Jones News
By Carlo Martuscelli
Royal Bank of Scotland Group PLC (RBS.LN) said Monday that it
issued around 50.7 million pounds ($67.1 million) worth of
shares.
The U.K. bank said it issued 20 million new share at a price of
253.6 pence per share, which it based on the average market price
of shares in the period since its first quarter results on April
27.
RBS said it issued the shares in order to offset the impact of
coupon payments on discretionary hybrid capital from a Common
Equity Tier 1 capital perspective.
--Write to Ian Walker at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
July 16, 2018 13:53 ET (17:53 GMT)
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