Securities and Exchange Commission, assigned The Royal Bank of Scotland plc
, previously named Adam & Company PLC (RBS NEW) a final Long-Term Issuer Default Rating (IDR) of 'A-', Short-Term IDR of 'F2' and Viability Rating (VR) of 'bbb+'.
The new outlook applies to both The Royal Bank of Scotland plc
(RBS) and The Royal Bank of Scotland Group plc (RBSG).
UK-based property company Derwent London Plc has exchanged contracts to acquire the freehold of Aldgate Union, Whitechapel High Street E1 from the Royal Bank of Scotland Plc
for GBP 132.0m (USD 206.53m) before costs.
The Royal Bank of Scotland plc
is one of the retail banking subsidiaries of The Royal Bank of Scotland Group plc, and together with NatWest and Ulster Bank, provides banking facilities throughout the UK and Ireland.
and The Royal Bank of Scotland plc
acted as Underwriters, Joint Bookrunners and Initial Mandated Lead Arrangers with J.P.
Deutsche Bank AG, London Branch, Societe Generale, Standard Chartered Bank and The Royal Bank of Scotland plc
have pre-committed to the Facility prior to the launch of the general syndication as Mandated Lead Arrangers.
Bank of America NA will act as administrative agent, swing line lender and letter of credit issuer and the Royal Bank of Scotland plc
, BNP Paribas, the Bank of Nova Scotia and the Bank of Tokyo-Mitsubishi UFJ Ltd will act as syndication agents.
The ratings of the Royal Bank of Scotland Plc
(LSE: RBS) and Nationwide Building Society were cut by two notches to A2.
(trading as "Rabobank International"), The Royal Bank of Scotland plc
, Societe Generale Corporate & Investment Banking and Standard Chartered Bank (together the "Mandated Lead Arrangers and Bookrunners").
The lenders are The Royal Bank of Scotland plc
(LON: RBS), Nordea Bank Norge, part of Sweden-based Nordea Bank (STO: NDA) and Dutch-based NIBC Bank NV.
The syndicate of lenders include The Royal Bank of Scotland plc
as administrative agent, BNP Paribas and The Bank of Nova Scotia as joint lead arrangers and co-syndication agents, together with Wells Fargo Bank, N.A.