RBS Raises $2B In Debt Issue

Royal Bank of Scotland has raised $2 billion in a two-part sale of senior unsecured notes, Reuters service. The notes are guaranteed by Royal Bank of Scotland Group.

RBS was the sole bookrunning manager for the sale. The $500 million notes sold in first tranche carry a coupon rate of 3.25%, and are due to mature on Jan. 11, 2014. The $1.5 billion notes sold in second tranche carry a coupon rate of 6.125%, and are due to mature on Jan. 11, 2021.

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