Scarce UK supply bolsters RBS's rare social bond trade

By David Freitas
08 Nov 2019

Royal Bank of Scotland launched its debut social bond on Friday, attracting over €2bn of orders for its €750m offering. The trade benefited from a favourable backdrop in the primary market and an increased appetite for UK credit caused by a scarcity of issuance from the country this year.

RBS had been gathering feedback from investors over roadshows since Tuesday for its inaugural social bond.

It chose ABN Amro, Crédit Agricole, ING, NatWest Markets and Nomura to run the books.

The bank had said it was targeting a transaction in either euros ...

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