RBS spies ‘pricing advantage’ in dollars, scores landmark green trade
Royal Bank of Scotland Group took advantage of the strong appetite for senior debt in dollars this week, issuing $1.6bn of funding across two tranches. The deal, which included the first dollar issuance of green UK bank paper, offered no premium to investors.
Royal Bank of Scotland Group launched $1bn of eight year non-call seven senior debt at 255bp over US Treasuries.
At the same time, it launched $600m of four year non-call three senior paper in green format at 215bp over US Treasuries.The UK bank had commissioned Bank of ...