August 19, 2024

Milbank Advises Underwriters in Connection with NatWest Group Plc’s Offering of $1.75B Senior Notes

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Milbank LLP has advised the underwriters, led by NatWest Markets Securities Inc., in connection with NatWest Group plc’s offering of $1.25 billion 4.964% senior callable fixed-to-fixed reset rate notes due 2030 and $500 million senior callable floating rate notes due 2028. The underwriters also included Citigroup Global Markets Inc., Jefferies LLC, Wells Fargo Securities, LLC, BMO Capital Markets Corp. and CIBC World Markets Corp.
 
NatWest Group is the largest business and commercial bank in the UK, with a leading retail business.
 
The Milbank team was led by Corporate Finance and Securities partner David Dixter, associate Kristian Sutt, law clerk Caroline Green and legal assistant Kyriaki Kyriacou. The team also included New York Tax partner Andrew Walker, special counsel Craig Cohen and associate Seth Moreida, and London Tax special counsel Andrew Callaghan and associate Freddy Pilkington.