[6-K] NatWest Group plc American Current Report (Foreign Issuer)

Rhea-AI Filing Summary

NatWest Group plc has notified holders of its 300,000,000 Fixed to Fixed Rate Notes (ISIN: XS1795261822) that the Notes will be redeemed on 19 September 2025. The full amount outstanding is 300,000,000 and the redemption will be made at par under the Notes' call option with accrued interest paid up to but excluding the redemption date. The notice states the redemption is made pursuant to the terms of the Notes and provides a link to the full notice and a contact in NatWest Treasury for further information.

Positive

• Full redemption amount disclosed: The notice specifies the outstanding principal of 300,000,000.
• Redemption at par under contractual call: The issuer is exercising the documented call option (Condition 5(d)).
• Interest mechanics clarified: Accrued interest will be paid to but excluding the redemption date.
• Contact provided: A named treasury contact (Scott Forrest) is given for further information.

Negative

• Principal returned to holders: Bondholders will cease to hold the Notes after redemption and will receive principal back at par.
• No discussion of replacement funding or refinancing in the notice (no information provided on post-redemption financing).

Insights

Debt Capital Markets Specialist

TL;DR: Issuer exercises call to redeem 300m of notes at par, a routine DCM execution with limited market surprise.

The redemption of the Fixed to Fixed Rate Notes (ISIN: XS1795261822) for the full outstanding amount of 300,000,000 at par is consistent with an issuer exercising a contractual call option. The notice confirms payment of accrued interest to but excluding the redemption date and cites the specific condition authorizing the call. For capital markets observers, this is a standard execution of terms already embedded in the securities rather than a covenant change or distressed action.

Corporate Treasury Analyst

TL;DR: A deterministic redemption event affecting bondholders' positions, executed under the notes' existing terms.

The communication is a formal notification that the Notes will be redeemed on the specified redemption date at par under Condition 5(d). The notice identifies the outstanding principal amount and confirms the mechanics: redemption at par plus accrued interest to but excluding the redemption date. Contact details for the head of NatWest Treasury are provided for holder inquiries, indicating standard operational follow-up rather than market-impact guidance.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Septemeber, 2025

Commission File Number 001-10306

NatWest Group plc

250 Bishopsgate,

London, EC2M 4AA

United Kingdom

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

The following information was issued as Company announcements in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:

NatWest Group plc

9 September 2025

Notice of Redemption

NatWest Group plc (the "Issuer")

The Issuer hereby gives notice to holders of the £800,000,000 Fixed to Fixed Rate Notes due 19 September 2026 (ISIN: XS1795261822 (the "Notes")) of the upcoming redemption of the Notes on 19 September 2025. The amount of the Notes currently outstanding is £800,000,000.  

Terms used but not defined herein shall have the meaning given to them in the notice of redemption. The Notes are being redeemed pursuant to Condition 5(d) (Call Option - Redemption at the Option of the Issuer) of the Notes at par, together with interest accrued to but excluding the Redemption Date. The Issuer has notified the holders pursuant to the terms of the Notes.

To view the notice, please click on the link below.

http://www.rns-pdf.londonstockexchange.com/rns/6277Y_1-2025-9-9.pdf

For further information, please contact:

Scott Forrest

Head of NatWest Treasury DCM

Tel: +44 (0)7747 455969

Legal Entity Identifiers
NatWest Group plc	2138005O9XJIJN4JPN90

SIGNATURE

                                                               Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			NatWest Group plc (Registrant)
Date:	09 September 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

What is being redeemed in NatWest Group plc's notice (NWG)?

The 300,000,000 Fixed to Fixed Rate Notes due 19 September 2026 (ISIN: XS1795261822) are being redeemed.

When will NatWest redeem the Notes (ISIN: XS1795261822)?

The notice states the Notes will be redeemed on 19 September 2025.

At what price are the Notes being redeemed?

The Notes are being redeemed at par, together with interest accrued to but excluding the redemption date.

Under what authority are the Notes being redeemed?

The redemption is being made pursuant to Condition 5(d) (Call Option - Redemption at the Option of the Issuer) of the Notes.

Who can bondholders contact for more information?

The notice provides a contact: Scott Forrest, Head of NatWest Treasury DCM, Tel: +44 (0)7747 455969.