![Milbank LLP [Matteo Bonacina]](https://www.milbank.com/a/web/oJdT4n2yFf5Yji9eXLBkD4/9gGLzP/bonacina-matteo-lon-web-4876-2361-8080-v1.jpg "Milbank LLP [Matteo Bonacina]")
![Milbank LLP [Andrew Wells]](https://www.milbank.com/a/web/8cToT6b7D8KsSHeiLTkfk8/9GnJ4m/wells-andrew-lon-web.jpg "Milbank LLP [Andrew Wells]")
Milbank LLP has advised the underwriters, led by NatWest Markets Securities Inc., in connection with NatWest Group plc’s offering of $750 million 3.700% reset perpetual subordinated contingent convertible additional tier 1 capital notes with no maturity date. The underwriters also included Citigroup Global Markets Inc., J.P. Morgan Securities LLC, UBS Securities 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, associates Kristian Sutt, Lefteris Dafermos, Matteo Bonacina, Andrew Wells and law clerk Christina Mouttet. The team also included New York Tax partner Eschi Rahimi-Laridjani and associate Seth Moreida, and London Tax partner Alan Rafferty and associate Freddy Pilkington.
