Bloomberg News

RBS Said to Plan Sale of Covered Bonds in Pounds Due 2024

January 16, 2012

Jan. 10 (Bloomberg) -- Royal Bank of Scotland Group Plc plans to sell covered bonds in pounds due 2024, according to a banker involved in the deal.

The notes may be priced to yield 275 basis points more than gilts. BNP Paribas SA, JPMorgan Chase & Co., Lloyds Banking Group Plc and RBC Capital Markets are managing the transaction with RBS.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Michael Shanahan at mshanahan3@bloomberg.net


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