Milbank LLP has provided legal advice to the underwriters for NatWest Group plc’s recent bond offering. The transaction involves $1.25 billion in senior callable fixed-to-fixed reset rate notes due 2031, and $300 million in senior callable floating rate notes due 2029.
The underwriting group was led by NatWest Markets Securities Inc., with participation from several other financial institutions, including BofA Securities, Inc., Goldman Sachs & Co. LLC, Jefferies LLC, Morgan Stanley & Co. LLC, TD Securities (USA) LLC, CIBC World Markets Corp., and Scotia Capital (USA) Inc.
NatWest Group is recognized as the largest business and commercial bank in the United Kingdom and holds a significant position in retail banking.
The Milbank team that worked on this transaction was comprised of partners and associates based both domestically and in London.