June 14, 2023

Milbank Advises Underwriters in Connection with NatWest Group Plc’s Offering of $1.25B 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 5.808% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2029. The underwriters also included Goldman Sachs & Co. LLC,  Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., TD Securities (USA) LLC, Scotia Capital (USA) Inc. 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 Global Capital Markets partner David Dixter, associates Kristian Sutt and Santiago Barraza Lopez, and legal assistant Matteo Bonacina. The team also included New York Tax partner Andrew Walker and associates David Hanno and Howard Perlman as well as London Tax partner Russell Jacobs and associate Fareed Muhammed.