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Royal Bank of Scotland, 5.75% Exchangeable Capital Securities, Series B
Ticker Symbol: RBS-Y* CUSIP: 780097812 Exchange: NYSE
* Symbol changed!! New symbol: RBS-L
as of 9/30/2004
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Royal Bank of Scotland, 5.75% Exchangeable Capital Securities, Series B, liquidation preference U.S.$25 per share, redeemable at the issuer's option on or after 6/23/2008 at U.S.$25 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 5.75% ($1.4375) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the date fixed by the board. The company may elect on any payment date to defer the interest payment for any period of time. The company may exchange the capital securities on any payment date into exchange preference shares. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the capital securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (NWG)
Notes: 10 September 2004 -- On September 30, 2004, The Royal Bank of Scotland Group plc will, in accordance with the terms of the indenture relating to its $850,000,000 principal amount of 5.75% Exchangeable Capital Securities, Series B, exchange each $25 principal amount of X-CAPS, Series B for one Non-cumulative Dollar Preference Share, Series L with a liquidation preference of $25. The Series L Dollar Preference Shares will be in the form of American Depositary Shares evidenced by American Depositary Receipts. Non-cumulative preferential dividends on the Series L Dollar Preference Shares will accrue at the rate of $1.4375 per share annually, payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, commencing December 31, 2004, when, as and if declared by the Company’s board of directors or a committee thereof. The Series L Dollar Preference Shares will be redeemable at the Company’s option at a redemption price of $25 per share, plus the dividends otherwise payable for the then-current quarterly dividend period accrued to the redemption date, beginning after September 30, 2009. Application has been made to list the Series L Dollar Preference Shares on the New York Stock Exchange under the symbol "RBS Pr L".
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IPO - 6/18/2003 - 34.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $850.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 42 St Andrew Square, Edinburgh EH2 2YE, Scotland, United Kingdom |
| Main Phone Number |
+44-131-556-8555 |
| Fax Number |
+44-131-626-3081 |
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Inv Rel Phone Number
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+44 207 672 1758 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: |
| Main Phone Number |
Not Available |
| Fax Number |
Not Available |
| Toll Free Phone Number |
888-269-2377 |
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