RBS Prices EUR1.25B 4.875% 2015 Bond At 99.978, Swaps +2.80

8th Jul 2010 17:13

LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) has priced a euro-denominated, senior unsecured bond issue, in a self-led transaction, with the following terms, a syndicate official at the bank said Thursday: Amount: EUR1.25 billion Maturity: July 15, 2015 Coupon: 4.875% Reoffer Price: 99.978 Payment Date: July 15, 2010 Spread: 280 basis points over mid-swaps, or 331.4 basis points over bunds Yield: 4.88% Debt Ratings: Aa3 (Moody's) A+ (Standard & Poor's) AA- (Fitch) Denominations: EUR50,000 and increments of EUR1,000 thereafter Listing: London Interest: Annual The bonds are being sold under the borrower's Euro medium-term-note program. -By Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485, [email protected] (END) Dow Jones Newswires July 08, 2010 12:13 ET (16:13 GMT)