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LONDON - NatWest Group plc (LSE:NWG) has announced the pricing of its multi-tranche offering, which includes $1.25 billion of 5.115% Senior Callable Fixed-to-Fixed Reset Rate Notes due in 2031 and $300 million of Senior Callable Floating Rate Notes due in 2029, collectively referred to as the Senior Notes.
The financial institution revealed that the total proceeds from the Senior Notes, which amount to $1.55 billion before expenses and underwriting discounts, are intended for use in funding NatWest Group’s general banking business activities. The offering is expected to close on Monday, subject to customary closing conditions.
Investors have been advised that a registration statement, including a prospectus, has been filed with the U.S. Securities and Exchange Commission (SEC) concerning this offering. Interested parties are encouraged to read the prospectus and other documents filed with the SEC for more detailed information about NatWest Group and the offering.
This press release serves as a factual statement based on a press release from NatWest Group and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The sale of securities will not take place in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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