NatWest Group plc (NWG) Form 6-K — Oct 16, 2026
NatWest Group plc priced and issued $1 billion of 5.908% Senior Callable Fixed-to-Fixed Reset Rate Notes due October 16, 2032, settling on October 16, 2026 under its Form F-3 automatic shelf registration. The notes pay a fixed 5.908% coupon until an October 2031 reset date, after which the rate resets at the U.S.
Key figures
- Debt Amount
- 1000000000
- Interest Rate
- 5.908% fixed until October 16, 2031, then reset at U.S. Treasury Rate + 0.900%
- Maturity Date
- 2032-10-16
- Gross Proceeds
- 1000000000
- Reset Date
- October 16, 2031
- All In Price
- 99.750%
- Issue Price
- 100.000%
- Expected Ratings
- Moody's A3, S&P A-, Fitch A+
- Optional Redemption Date
- October 16, 2031 at 100%
- Underwriting Commission
- 0.250%
- Net Proceeds Before Expenses
- $997,500,000
- Fixed Rate Spread To Benchmark Treasury
- T+90bps
AI analysis
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