Royal Bank of Scotland has agreed to sell its €1.4 billion ($1.79 billion) loan book to Intermediate Capital Group as RBS continues to take steps to shed its non-core businesses. The deal, the terms of which have not been disclosed, involved a loan book that represents roughly 10% of the bank’s leverage loan finance book, all of which RBS is trying to unload.
RBS To Sell Loan Book To Intermediate Capital