RBS shares fall as aborted bond sale revealed
Royal Bank of Scotland saw its shares fall as it was revealed it had pulled a $207 million sale of bonds.
Royal Bank of Scotland Group (RBS) pulled a $207 million (€156 million) sale of bonds backed by its own derivative trades after investors scarred by losses on exotic debt balked at the complexity, said a Bloomberg report.
Shares in RBS, which owns Ulster Bank, fell 2.5 per cent in London.
The aborted deal, called Score, was canceled in February, said three people briefed on the matter but who asked to remain anonymous because the plan wasn’t public,...
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