Date: 11/8/2010
Source: Incapital
Author: Incapital and RBS Securities Inc.

RBS Launches Retail Corporate Notes with Incapital

RBS Securities Inc. (RBSSI) today announced an agreement with Incapital LLC to distribute Retail Corporate Notes (Notes) issued by The Royal Bank of Scotland plc (RBS plc) to retail investors through Incapital’s distribution network of over 600 broker dealers, bank trust departments, asset managers and registered investment advisors (RIAs).

The Notes are direct, unsecured and unsubordinated debt obligations of RBS plc with maturities ranging from 9 months to 30 years. The Notes are guaranteed by The Royal Bank of Scotland Group plc (RBS Group), the parent company of RBS plc. The Notes are typically issued in denominations of $1,000 and return the full principal amount (par) on a specified maturity date subject to the issuer’s and guarantor’s creditworthiness. More than $300 billion worth of corporate notes have been issued over the past 10 years and approximately 40 corporate issuers have active new issue note programs designed for retail investors in the US.

“Retail corporate notes provide a convenient way for retail investors to invest in the original issuance of RBS plc corporate bonds at a fixed price during weekly offering periods ,” said Michael Nelskyla, Managing Director of RBS Investor Products group. “Incapital is renowned for their corporate note distribution capabilities, and we are pleased to have the opportunity to work closely with them and expand our investor base.”

Incapital President John Radtke said: “In a low interest-rate environment, investors are increasingly looking for yield through various fixed-income products. RBS plc has a strong name and creditworthiness, which makes them an ideal issuer for our client proposition.”

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