RBS raises size, questions around pricing

February 04, 2009 12:00 am

Royal Bank of Scotland tapped its November 2011 government guaranteed transaction on Tuesday, adding £1.75bn and Eu1bn to each tranche. While there was no questioning investors’ appetite for the issue given the total book size at Eu3.5bn equivalent, some market participants were critical of the pricing of the taps, in particular the sterling tranche. To find out more about the deal and the pricing rationale, read EuroWeek this week.

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