REG - NatWest Group plc - Notice of Redemption

NatwestAnnouncement

Wed 11:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250702:nRSB4203Pa&default-theme=true

RNS Number : 4203P  NatWest Group plc  02 July 2025

NatWest Group plc

2(nd) July 2025

 

Notice of Redemption

NatWest Group plc (formerly known as The Royal Bank of Scotland Group plc)
(the "Issuer")

The Issuer has given notice to holders of the $1,150,000,000 8.000% Perpetual
Subordinated Contingent Convertible Additional Tier 1 Capital Notes (ISIN:
US780099CK11; CUSIP: 780099CK1 (the "Notes")) of the upcoming redemption of
the Notes on 10 August 2025. The amount of the Notes currently outstanding is
$1,150,000,000.

Upon redemption of the Notes there will be a loss to CET1 of approximately
5bps based on Q1 RWAs. This arises due to changes in FX rates since the date
of issuance of the Notes.

The Notes are being redeemed pursuant to Section 2.08 of the Second
Supplemental Indenture dated as of 10 August 2015.  All of the outstanding
Notes will be redeemed by the Issuer on 10 August 2025 (the "Redemption Date")
at 100% of principal amount, together with accrued and unpaid interest to (but
excluding) the Redemption Date, and subsequently cancelled. The Issuer has
notified the holders pursuant to the terms of the Notes.

To view the notice, please click on the link below.

http://www.rns-pdf.londonstockexchange.com/rns/4203P_1-2025-7-2.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/4203P_1-2025-7-2.pdf)

 

For further information, please contact:

Scott Forrest

Head of NatWest Treasury DCM

Tel: +44 (0)7747 455 969

 

Paul Pybus

Head of Debt Investor Relations

Tel: +44 (0) 7769 161 183

 

 

 

Legal Entity Identifier:  2138005O9XJIJN4JPN90

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCDZGGNLZFGKZG