RBS looks into buying back debt at premium to current prices

17 March 2010 In Financial Careers

News by category

RBS looks into buying back debt at premium to current prices As part of a new balance sheet restructuring, Royal Bank of Scotland (RBS) is looking into buying back £10 billion of debt.

The firm's debt could be bought back at a premium to current prices, the Financial Times reported.

It is anticipated finance director Bruce van Saun will announce the plans in the next two weeks.

The model used by Dutch group Rabobank is currently being examined by RBS. The firm issued contingent capital notes that could be written down by 75 per cent if its capital ratio decreased below a pre-set level.

Lloyds Banking Group has also used contingent capital as part of its capital restructuring.

William Fall joined RBS as global head of the financial institutions group this month.

His responsibilities will include managing the relationships between the bank and its financial institution clients.

Based in London, Mr Fall will report to Marco Mazzuchelli, deputy chief executive of the bank's global banking and markets division.

Show me Management Accountants jobs.ADNFCR-868-ID-19674025-ADNFCR
 
Divider
Send Article to a friend Print this course
Subscribe to feed Bookmark

Looking for your next accountancy role? Search over 6,000 jobs on GAAPweb

Refine your search:



 

Urgently Required:

Head of Business Planning

Salary:
From £60,000 to £70,000 per annum basic + excellent benefits

Location:
London / Kingston upon Thames, Surrey

Recruiter:
Nikon

Job details