RBS marks US return with $2bn holdco deal

13 Sep 2012

Little more than a week after launching a jumbo senior buyback operation, Royal Bank of Scotland Group staged a return to the US dollar market with a $2bn self-led offering of senior notes from its holding company.

The holdco has only a modest funding need, but with Lloyds Banking Group and Barclays the only UK banks to print Yankee trades this year, RBS Group grabbed the opportunity to visit the US market for the first time since 2009.

"A combination of strong market conditions and ...

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