Amount: £350m lower tier two capital
Maturity: 12 June 2023
Issue/fixed re-offer price: 99.507
Coupon: 7.125% until 12 June 2018; thereafter coupon steps up by 100bp if not called.
Spread at re-offer: 175bp over mid-swaps
Launch date: Thursday 29 May
Payment date: 12 June
Joint books: Barclays Capital, Goldman Sachs, Royal Bank of Scotland
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