Royal Bank of Scotland calls five sets of subordinated notes due 2022

By Wendy Van Sickle

Columbus, Ohio, Feb. 2 – The Royal Bank of Scotland plc announced plans to redeem five series of subordinated fixed-to-fixed notes due 2022 in March.

On March 16, the bank will redeem C$420,199,000 of notes, €563,801,000 of notes, $2,132,059,000 of notes and CHF 124,452,000 of notes.

On March 19, it will redeem A$883,419,000 of notes.

The notes will be redeemed at par plus interest up to but excluding the redemption dates, according to a news release.

Royal Bank of Scotland is an Edinburgh, U.K.-based retail banking subsidiary of the Royal Bank of Scotland Group plc.

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