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Asset Backed Securities
Financials
Diversified Banks
Parent Companies
NatWest Group PLC (fka Royal Bank of Scotland Group PLC) (RBS)
NatWest Markets PLC
NatWest Markets PLC (NWG)
Deal Details
C/P
Industry
Status
Ticker(s)
Issuer(s)
Size(m)
Tranches
Region
Date
IGC
FNCL
PRCD
NWG
NWG
NatWest Markets PLC
,
NatWest Group PLC (fka Royal Bank of Scotland Group PLC) (RBS)
€2,250
2
EMEA
Aug 27, 2025
Tranche #1
NatWest Markets PLC
currency
EUR
size (m)
1,250.000
maturity
Sep 3, 2030
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A1
s&p
A
fitch
AA-
size description
-
re-open/tap
No
ipt
MS+100 area
ipt-pxd
-
guidance
MS+70#
spread
70
coupon
3.00%
spread set
-
price
99.95400
yield
3.01%
book size (m)
1,650
peak book (m)
-
x-covered
1.32
book attrition
-
nic
-
billing & delivering
NTW
active leads
-
joint leads
CMZ
,
JPM
,
LBW
,
NTW
,
...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,650
peak book (m)
-
x-covered
1.32
book attrition
-
nic
-
billing & delivering
NTW
active leads
-
joint leads
CMZ
,
JPM
,
LBW
,
NTW
,
...
passive leads
-
co-managers
-
coordinating managers
-
Tranche #2
NatWest Group PLC (fka Royal Bank of Scotland Group PLC) (RBS)
currency
EUR
size (m)
1,000.000
maturity
Sep 3, 2034
type
Fixed
tenor
9.000
call
8.00
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
A+
size description
-
re-open/tap
No
ipt
MS+135 area
ipt-pxd
-
guidance
MS+110#
spread
110
coupon
3.632%
spread set
-
price
100.00000
yield
3.632%
book size (m)
1,700
peak book (m)
-
x-covered
1.7
book attrition
-
nic
-
billing & delivering
NTW
active leads
-
joint leads
BAM
,
CTI
,
GSC
,
NTW
,
...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,700
peak book (m)
-
x-covered
1.7
book attrition
-
nic
-
billing & delivering
NTW
active leads
-
joint leads
BAM
,
CTI
,
GSC
,
NTW
,
...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1650; Registration: Reg S Only; Comments: EUR1.25bn 5yr cpn 3.00% at 99.954, yld 3.01%. Spread: MS+70bps. OBL 2.4 04/30 #191 (100.850) + 80.8bps, HR 104%. LEI: RR3QWICWWIPCS8A4S074; Book size: 1700; Redemption: 2033-09-03; Registration: Reg S Only; Comments: EUR1.25bn 5yr cpn 3.632% at par. Spread: MS+100bps. DBR 2.6 08/33 (100.500) + 110.2bps, HR 96%. LEI: 2138005O9XJIJN4JPN90;
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