Royal Bank of Scotland Raises $3 Billion Via Note Issue

Features Dow Jones Newswires

Royal Bank of Scotland Group PLC (RBS.LN) said Thursday it has raised $3 billion via issue of senior notes to fund the company's general banking business.

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The financial services company has completed the pricing of its $1.5 billion of floating rate notes due 2023 and of its $1.5 billion fixed rate to floating rate notes due 2023. The offering is scheduled to close on May 15.

Shares at 0935 GMT down 0.7% lower at 261 pence.

Write to Tapan Panchal at tapan.panchal@wsj.com

(END) Dow Jones Newswires

May 11, 2017 05:53 ET (09:53 GMT)