RBS splits opinion in £18bn subordinated restructuring

April 07, 2010 12:00 am

Royal Bank of Scotland gave details of the pricing and priority waterfall for its £17.6bn liability management exercise this week, with investors split over its attractiveness. For subordinated debt holders, this will be the chance to exit the bank’s debt ahead of the European Commission’s clampdown on coupon payments. To find out what investors think of the deal, read EuroWeek on Friday.

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