Scarce UK supply bolsters RBS's rare social bond trade
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.
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