NatWest Group PLC (fka Royal Bank of Scotland Group PLC) (RBS) (NWG)

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NatWest Group PLC (fka Royal Bank of Scotland Group PLC) (RBS) (NWG)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	NWG	NatWest Group PLC (fka Royal Bank of Scotland Group PLC) (RBS)	£500		1	EMEA	May 27, 2026

Tranche #1NatWest Group PLC (fka Royal Bank of Scotland Group PLC) (RBS)

currency

GBP

size (m)

500.000

maturity

type

Fixed Rate Reset

tenor

Perp

call

10.00

registration

Reg S Only

benchmark

ranking

Additional Tier 1

moody's

Baa3

s&p

fitch

BBB

size description

Will Not Grow

re-open/tap

ipt

8.00%-8.125%

ipt-pxd

-56.25

guidance

n/a - straight to launch

spread

coupon

7.50%

spread set

price

100.00000

yield

7.50%

book size (m)

3,900

peak book (m)

4,400

x-covered

7.8

book attrition

-11.36%

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

3,900

peak book (m)

4,400

x-covered

7.8

book attrition

-11.36%

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

Book size: 3900; First Pay: 2026-06-30; Redemption: 2036-06-03; Registration: Reg S Only; Comments: Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 2138005O9XJIJN4JPN90;

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	PRICED: NatWest Group £500m PerpNC10 AT1; 7.50%	May 27, 2026
	LAUNCHED: NatWest Group £500m PerpNC10 AT1; 7.5%	May 27, 2026
	NEW ISSUE: NatWest Group £500m (WNG) PerpNC10 AT1; 8.000/8.125%	May 27, 2026

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NatWest Group PLC (fka Royal Bank of Scotland Group PLC) (RBS) (NWG)

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