Milbank LLP has advised the underwriters, led by NatWest Markets Securities Inc., in connection with NatWest Group plc’s offering of $1 billion 5.847% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027 and $1 billion 6.016% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2034. The underwriters also included BofA Securities, Inc., Goldman Sachs & Co. LLC, 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 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 associate Anne-Sophie Tomé as well as London Tax partner Russell Jacobs and associate Fareed Muhammed.
