Company Announcements

Notice of Redemption

Source: RNS
RNS Number : 1275F
NatWest Group plc
13 July 2021

NatWest Group plc

13 July 2021


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 $2,650,000,000 8.625% Perpetual Subordinated Contingent Convertible Additional Tier 1 Capital Notes (ISIN: US780097BB64 (the "Notes")) of the upcoming redemption of the Notes on 15 August 2021. The amount of the Notes currently outstanding is $2,650,000,000.  

Upon redemption of the Notes there will be a gain to CET1 of approximately 8bps 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 3.08 of the Third Supplemental Indenture.  All of the outstanding Notes will be redeemed by the Issuer on 15 August 2021 (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.


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 or visit

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.