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Company Royal Bank of Scotland Group PLC
TIDM RBS
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RBS plc - US$ Cash Tender Offer Results

Released 10:37 11-Jan-2013
Number 3557V10

RNS Number : 3557V
Royal Bank of Scotland Group PLC
11 January 2013
 



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

JANUARY 11, 2013

THE ROYAL BANK OF SCOTLAND PLC CASH TENDER OFFER FOR CERTAIN
U.S. DOLLAR SECURITIES: ANNOUNCEMENT OF FINAL RESULTS

On January 3, 2013, The Royal Bank of Scotland plc (the "Offeror") invited holders of the securities listed below (the "Securities") to tender any and all of their Securities for purchase by the Offeror for cash (the "Offers") on the terms of, and subject to the conditions contained in, a tender offer memorandum dated January 3, 2013 (the "Tender Offer Memorandum"). Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Tender Offer Memorandum.

Further to such invitation, the Offeror announced at 9.30 a.m. (New York City time) on January 10, 2013 the Fixed Rate Purchase Price in respect of each series of Fixed Rate Securities.

The Offers expired at 12:30 p.m. (New York City time) on January 10, 2013. The Offeror hereby informs Holders that the aggregate principal amount of each series of Securities validly tendered and to be accepted for purchase is set out in the table below, and each Holder who validly tendered and had its securities accepted is entitled to receive on the Settlement Date, which is expected to be January 14, 2013, the applicable Purchase Price plus the applicable Accrued Interest.

 

Title of
Floating Rate Note

ISIN

CUSIP

Principal Amount Outstanding

Floating Rate Purchase Price*

Aggregate Principal Amount Accepted for Purchase

 

Floating Rate Notes due 2013

US78010XAF87

78010XAF8

U.S.$492,313,000

U.S.$1,014.50 per U.S.$1,000 in principal amount

U.S.$361,890,000

 








Title of Fixed Rate Note

ISIN

CUSIP

Principal Amount Outstanding

Fixed Spread

Fixed Rate Purchase Price*

Aggregate Principal Amount Accepted for Purchase

3.400% Senior Notes due 2013

US78010XAD30

78010XAD3

U.S.$1,073,055,000

+10 basis points

U.S.$1,018.53

U.S.$245,607,000

3.250% Senior Notes due 2014

US78010XAJ00

78010XAJ0

U.S.$252,822,000

+40 basis points

U.S.$1,025.68

U.S.$89,692,000

4.875% Senior Notes due 2014

US78010KCV98
(Reg. S)
US78010JCV26 (Rule 144A)

78010KCV9 (Reg. S)
78010JCV2 (Rule 144A)

U.S.$1,532,382,000

+60 basis points

U.S.$1,064.40

U.S.$364,843,000

4.875% Senior Notes due 2015

US78010XAC56

78010XAC5

U.S.$1,198,792,000

+65 basis points

U.S.$1,082.75

U.S.$328,087,000

5.000% Senior Notes due 2015

XS0497714526

N/A

U.S.$171,801,000

+65 basis points

U.S.$1,091.75

U.S.$119,592,000

3.950% Senior Notes due 2015

US78010XAG60

78010XAG6

U.S.$1,158,364,000

+80 basis points

U.S.$1,073.48

U.S.$167,278,000

*       Per U.S.$1,000 principal amount. In addition to the Floating Rate Purchase Price or the Fixed Rate Purchase Price, as applicable, Holders will receive accrued and unpaid interest (if any) on the relevant Securities from (and including) the immediately preceding interest payment date for such Securities to (but excluding) the Settlement Date.

FURTHER INFORMATION

Global Bondholder Services Corporation has been appointed by the Offeror as Tender Agent (the "Tender Agent") for the purposes of the Tender Offer.

RBS Securities Inc., an affiliate of the Offeror, has been appointed as Global Arranger and Lead Dealer Manager in connection with the Offers. J.P. Morgan Securities LLC and RBS Securities Inc. have been appointed as Joint Dealer Managers and ABN AMRO Securities (USA) LLC, Credit Agricole Securities (USA) Inc. and Mediobanca - Banca di Credito Finanziario S.p.A. have been appointed as Co-Dealer Managers for the purposes of the Offers.

Requests for information in relation to the Offers should be directed to:

GLOBAL ARRANGER AND LEAD DEALER MANAGER

RBS Securities Inc.
600 Washington Boulevard
Stamford, CT 06901
United States
Attention: Liability Management
+1 (203) 897-4825 (collect)
+1 (877) 297-9832 (toll-free)

JOINT DEALER MANAGERS

RBS Securities Inc.
600 Washington Boulevard
Stamford, CT 06901
United States
Attention: Liability Management
+1 (203) 897-4825 (collect)
+1 (877) 297-9832 (toll-free)

J.P. Morgan Securities LLC

383 Madison Avenue

New York, NY 10179

United States

Attention: Liability Management

+1 (212) 834-2494 (collect)

+1 (866) 834-4666 (toll-free)
Email: yankee.team@jpmorgan.com

 

TENDER AGENT

 

GLOBAL BONDHOLDER SERVICES CORPORATION
65 Broadway - Suite 404

New York, New York 10006

United States

Banks and Brokers, Call Collect: +1 (212) 430-3774

All Others Call Toll Free: +1 (866) 924-2200

 


NOTICE

Subject to applicable law, the Offeror or any of its affiliates may at any time and from time to time following completion of the Offers purchase remaining outstanding Securities by tender, in the open market, by private agreement or otherwise on such terms and at such prices as the Offeror, or if applicable, its affiliates may determine. Such terms, consideration and prices may be more or less favorable than those offered pursuant to the Offers.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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RBS plc - US$ Cash Tender Offer Results - RNS