RBS to recognise 4Q loss of £265m
Royal Bank of Scotland (RBS) has announced that it will recognise a loss of c. £265m in 4Q due to a recent tender on certain US dollar, Sterling, and Euro senior debt securities. The bank added that the transactions are expected to result in a saving of interest expense of about £455 million over the life of the relevant debt securities, which have contractual maturities between 2017 and 2028.

Royal Bank of Scotland Group plc (RBS,RBS.L) announced that it will recognise a loss of about £265 million in its fourth quarter results related to recent tender on certain US dollar, Sterling and Euro senior debt securities.

The company noted that the take up rate of the tender was 56.5% with a total of £2.4 billion tendered.



The transactions are expected to result in a saving of interest expense of about £455 million over the life of the relevant debt securities, which have contractual maturities between 2017 and 2028, the company added.

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