US banks back new Arran issue

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

US banks back new Arran issue

Royal Bank of Scotland targeted US bank accounts, including JP Morgan, Citi, and perhaps Wells Fargo, when it preplaced £1.58bn equivalent of its Arran 2011-2 RMBS on Monday evening. The UK bank also retained $1.91bn of senior notes, split into tranches with coupons 2.5bp apart. Bookrunners were Bank of America Merrill Lynch, Citi, JP Morgan and RBS, with Wells Fargo present as co-manager. JP Morgan and Citi both disclosed in the offering circular that they were taking positions in the deal.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article