NatWest takes action on legacy debt as PRA deadline looms

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NatWest takes action on legacy debt as PRA deadline looms

Tyler Davies
March 24, 2021 12:30 PM
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RYW1H4 A man using Natwest online banking on his mobile phone | Alamy Stock Photo

NatWest Group is looking to smarten up its capital structure by repurchasing up to $6.7bn of its subordinated debt from investors, including two legacy instruments. The offer arrives a week ahead of a deadline for UK banks to submit official clean-up plans for their old-style securities.

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Tyler Davies
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