RBS hits £1.25bn tier one target — US waterfall results — May-pay retail investors get out

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RBS hits £1.25bn tier one target — US waterfall results — May-pay retail investors get out

Holders of Royal Bank of Scotland tier one dollar bonds tendered almost $4bn of the securities in the US leg of the bank’s liability management exercise, allowing it to reach its £1.25bn tier one-creating target said a treasury official at the borrower on Wednesday.

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