Milbank Advises Underwriters in Connection with NatWest Markets Plc's Offering of £750M Additional Tier 1 Capital Notes

Milbank LLP has advised the underwriters, led by NatWest Markets Securities Inc., in connection with NatWest Group plc’s offering of £750 million 7.500% reset perpetual subordinated contingent convertible additional tier 1 capital notes with no maturity date. The underwriters also included BofA Securities, Citigroup, Goldman Sachs International, J.P. Morgan, Morgan Stanley, UBS Investment Bank, and Crédit Agricole CIB.

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 Harshil Bansal, Panos Tsezos and law clerk Russell Feinman.The team also included New York Tax partner Andrew Walker and associate Seth Moreida, and London Tax special counsel Andrew Callaghan and associate Jade Du Berry.