Milbank LLP recently advised the underwriters, led by NatWest Markets Securities Inc., in connection with two offerings by NatWest Group plc of $2.8 billion senior notes and $1 billion Tier 2 notes, respectively.
Details of Milbank’s recent transactions include:
- Representing the underwriters in connection with NatWest Group plc’s offering of $1 billion 5.583% senior callable fixed-to-fixed reset rate notes due 2028, $1.5 billion 5.778% senior callable fixed-to-fixed reset rate notes due 2035, and $300 million senior callable floating rate notes due 2028.
- Representing the underwriters in connection with NatWest Group plc’s offering of $1 billion fixed-to-fixed reset rate subordinated Tier 2 notes due 2034.
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 and law clerk Caroline Green. The team also included New York Tax partner Andrew Walker, special counsel Craig Cohen and associate Seth Moreida, and London Tax partner Alan Rafferty.
