Royal Bank of Scotland Group PLC Notice of Redemption (2932R)
June 29 2020 - 1:00AM
UK Regulatory
TIDMRBS
RNS Number : 2932R
Royal Bank of Scotland Group PLC
29 June 2020
The Royal Bank of Scotland Group plc
29 June 2020
Notice of Redemption
The Royal Bank of Scotland Group plc ("RBSG" or the
"Issuer")
The Issuer has given notice to holders of the $2,000,000,000
7.500% Perpetual Subordinated Contingent Convertible Additional
Tier 1 Capital Notes (ISIN: US780099CJ48 (the "Notes")) of the
upcoming redemption of the Notes on 10 August 2020 . The amount of
the Notes currently outstanding is $2,000,000,000.
Terms used but not defined herein shall have the meaning given
to them in the notice of redemption. The Notes are being redeemed
pursuant to Section 2.08 of the Second Supplemental Indenture. All
of the outstanding Notes shall be redeemed by the Issuer on 10
August 2020 (the "Redemption Date") at 100% of principal amount,
together with accrued and unpaid interest to (but excluding) the
Redemption Date, and subsequently cancelled. The Issuer has
notified the holders pursuant to the terms of the Notes.
To view the notice, please click on the link below.
http://www.rns-pdf.londonstockexchange.com/rns/2932R_1-2020-6-28.pdf
For further information, please contact:
Scott Forrest
Head of RBS Debt Capital Markets & Capital Strategy
Tel: +44 (0)7747 455969
Forward-looking statements
This document contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, such as statements that include, without limitation,
the words 'expect', 'estimate', 'project', 'anticipate', 'commit',
'believe', 'should', 'intend', 'plan', 'could', 'probability',
'risk', 'Value-at-Risk (VaR)', 'target', 'goal', 'objective',
'may', 'endeavour', 'outlook', 'optimistic', 'prospects' and
similar expressions or variations on these expressions. These
statements concern or may affect future matters, such as RBSG's
future economic results, business plans and strategies. In
particular, this document may include forward-looking statements
relating to RBSG in respect of, but not limited to: its regulatory
capital position and related requirements, its financial position,
profitability and financial performance (including financial,
capital and operational targets), its access to adequate sources of
liquidity and funding, increasing competition from new incumbents
and disruptive technologies, its exposure to third party risks, its
ongoing compliance with the UK ring-fencing regime and ensuring
operational continuity in resolution, its impairment losses and
credit exposures under certain specified scenarios, substantial
regulation and oversight, ongoing legal, regulatory and
governmental actions and investigations, the transition of LIBOR
and IBOR rates to alternative risk free rates and RBSG's exposure
to economic and political risks (including with respect to terms
surrounding Brexit and climate change), operational risk, conduct
risk, cyber and IT risk, key person risk and credit rating risk.
Forward-looking statements are subject to a number of risks and
uncertainties that might cause actual results and performance to
differ materially from any expected future results or performance
expressed or implied by the forward-looking statements. Factors
that could cause or contribute to differences in current
expectations include, but are not limited to, the final number of
PPI claims and their amounts, legislative, political, fiscal and
regulatory developments, accounting standards, competitive
conditions, technological developments, interest and exchange rate
fluctuations, general economic conditions and the uncertainty
surrounding the Covid-19 pandemic and its impact on RBSG. These and
other factors, risks and uncertainties that may impact any
forward-looking statement or RBSG's actual results are discussed in
RBSG plc's UK 2019 Annual Report and Accounts (ARA) and materials
filed with, or furnished to, the US Securities and Exchange
Commission, including, but not limited to, RBSG plc's most recent
Annual Report on Form 20-F and Reports on Form 6-K. The
forward-looking statements contained in this document speak only as
of the date of this document and RBSG does not assume or undertake
any obligation or responsibility to update any of the
forward-looking statements contained in this document, whether as a
result of new information, future events or otherwise, except to
the extent legally required.
Legal Entity Identifier: 2138005O9XJIJN4JPN90
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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