Royal Bank of Scotland to redeem $2 billion 7.5% perpetuals Aug. 10

By Sarah Lizee

Olympia, Wash., June 29 – Royal Bank of Scotland Group plc plans to redeem its $2 billion 7.5% perpetual subordinated contingent convertible additional tier 1 capital notes (Cusip: 780099CJ4), according to a notice.

The notes will be redeemed on Aug. 10 at par plus accrued interest to but excluding the redemption date.

Royal Bank of Scotland Group is a banking and financial services company based in Edinburgh, Scotland.

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