RBS Said to Price $5.5 Billion of Bonds Backed by U.K. Mortgages
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Royal Bank of Scotland Group Plc priced about $5.5 billion of bonds in dollars, British pounds and euros backed by U.K. mortgages, according to a banker familiar with the transaction.
Arran Residential Mortgages Funding 2011-2 Plc is tied to GBP3.57 billion ($5.6 billion) of prime residential mortgage loans originated through RBS and National Westminster Home Loans, said the banker, who declined to be identified because the deal is private.