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Royal Bank of Scotland sells $7 bln notes in 2 parts

Sat Nov 21, 2009 2:03am IST
 
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NEW YORK, Nov 20 (Reuters) - Royal Bank of Scotland on Friday sold $7 billion of government-guaranteed notes in two parts, said IFR, a Thomson Reuters service.

The offering included $5 billion of floating-rate notes with a coupon rate of 26 basis points over the London Interbank Offer Rate.

It also included $2 billion of 3-year fixed-rate notes priced to yield 80.5 basis points over comparable U.S. Treasuries, according to IFR.

The lead manager on the sale was RBS. (Reporting by Caryn Trokie; Editing by Dan Grebler)

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