RBS Rolls Out Steepener Notes

16 Nov 2010

The Royal Bank of Scotland has sold USD15 million callable capped constant maturity swap rate steepener notes maturing in 2030.

--Mike Kentz

The Royal Bank of Scotland has sold USD15 million callable capped constant maturity swap rate steepener notes maturing in 2030. For the first year, the notes are callable quarterly with a fixed payout of 10% on the notional.After the first year, the payout is based primarily ...

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