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NatWest Group PLC | Non-cumulative Dollar Preference Shares, Series T (RBS.PRT)
This preferred is marked as having been called.
Prospectus excerpt: We are issuing non-cumulative Dollar Preference Shares, Series T, or Series T preference shares, which will be sold in the form of American Depositary Shares, Series T, or Series T ADSs. Dividends on the Series T preference shares will accrue from the date of issue thereof (the Ùissue dateˆ). We may pay dividends out of our distributable profits in U.S. dollars quarterly in arrears on March 31, June 30, September 30 and December 31 of each year commencing on December 31, 2007, at the rate of 7.25% per annum, or $0.4531 quarterly, per Series T preference share. Therefore, dividends payable for the initial long dividend period will be $0.4733 per Series T preference share. We may redeem the Series T preference shares, at our option, in whole (but not in part) on any business day that falls on or after December 31, 2012 at a redemption price of $25.00 per Series T preference share plus the dividends otherwise payable for the then-current dividend period accrued to, but excluding, the redemption date. If we are wound up or liquidated, you will be entitled to receive a liquidation preference of $25.00 per Series T preference share plus accrued dividends for the then-current dividend period (accrued to, but excluding, the date of payment), but only after we have paid all of our debts and other liabilities to our creditors and to holders of any of our capital shares that are senior to the Series T preference shares. Full Prospectus PDF », Secondary Prospectus PDF », NWG Page »
Series: | T | Alternate symbology: | RBS-T, RBS-PT, RBSprT | Redeemable?: | Yes | Call Date: | 12/31/2012 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 58,000,000 | Overallotment: | 8,700,000 | Liquidation Preference: | $25.00 | Original Coupon: | 7.25% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
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NatWest Group is engaged in the provision of a range of banking financial services to personal, business and commercial customers via its business. Co. has the following reportable segments: Retail Banking, which serves personal customers in the U.K. and includes Ulster Bank customers in Northern Ireland; Private Banking, which serves U.K. connected individuals and their business interests; and Commercial and Institutional, which includes Commercial Banking, NatWest Markets and RBS International businesses, to support Co.'s customers across the non-personal customer lifecycle, both domestically and internationally. Preferreds: RBS.PRE, RBS.PRF, NW.PRC, RBS.PRG, RBS.PRH, RBS.PRI, RBS.PRL, RBS.PRM, RBS.PRN, RBS.PRP, RBS.PRQ, RBS.PRR, RBS.PRS, RBS.PRT Open the NWG Information Page »
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