Business
Pricing of Cash Tender Offer
Pricing of Cash Tender Offer.
About this update from Natwest Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON RESIDENT AND/OR LOCATED IN, ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL (SEE \"OFFER RESTRICTIONS\" BELOW).\n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.\n \n \n \n \n \n \n \n \n \n ,\n \n \n \n \n \n \n \n April 3, 2023\n \n \n \n \n \n NATWEST GROUP PLC\n \n \n -\n \n \n PRICING OF\n \n \n CASH\n \n \n TENDER\n \n \n OFFER\n \n \n FOR ANY AND ALL OF\n \n \n ITS OUTSTANDING 5.125% SUBORDINATED TIER 2 NOTES DUE 2024\n \n \n NatWest Group plc (the \"Offeror\") is announcing today, in respect of its previously announced tender offer to purchase for cash (the \"Offer\") any and all of its outstanding 5.125% Subordinated Tier 2 Notes due 2024 (the \"Notes\"), the Reference Yield and the Purchase Price for Notes validly tendered and accepted for purchase in respect of the Offer.\n \n \n \n \n \n The Offer is being made on the terms and subject to the conditions set out in the offer to purchase dated March 27, 2023 and the related Notice of Guaranteed Delivery (together, the \"Offer to Purchase\"). Capitalized terms not otherwise defined in this announcement have the same meaning as in the Offer to Purchase.\n \n \n Pricing for the Offer\n \n \n The Reference Yield listed below was determined at 2:00 p.m., New York City time, today. The Purchase Price listed below is based on the Reference Yield plus the Fixed Spread as set forth in the table below:\n \n \n \n \n \n \n \n \n \n Title of Security\n \n \n \n \n \n \n Issuer\n \n \n \n \n \n \n ISIN/CUSIP\n \n \n \n \n \n \n Principal Amount Issued\n \n \n \n \n \n \n Principal Amount Outstanding\n \n \n \n \n \n \n Maturity\n \n \n \n \n \n \n Fixed Spread (bps)\n \n \n \n \n \n \n Reference U.S. Treasury Security\n \n \n \n \n \n \n Reference Yield\n \n \n \n \n \n \n Purchase Price\n \n \n \n \n \n \n \n \n \n 5.125% Subordinated Tier 2 Notes due 2024\n \n \n \n \n The Royal Bank of Scotland Group plc(1)\n \n \n \n \n US780099CH81 /\n \n \n 780099CH8\n \n \n \n \n $2,250,000,000\n \n \n \n \n $876,108,000\n \n \n \n \n May 28, 2024\n \n \n \n \n +135\n \n \n \n...