Royal Bank of Scotland Group (RBS) is selling bonds, worth about $5.5 billion, in dollars, U.K. pounds and euros, Bloomberg reports. The bonds are backed by U.K. mortgages.
RBS, JPMorgan Chase & Co., Citigroup, Bank of America Corp. and Wells Fargo & Co. have arranged the deal. RBS will retain some of the securities. JPMorgan Chase & Co. and Citigroup are leading investors who intend to buy other portions of the debt.
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Scotland Group RBS Wells Fargo U.K. Royal Bank