NWG 6-K: Redeeming $1.5B 2026 senior notes (7.472%) on Nov 10

Rhea-AI Filing Summary

NatWest Group plc announced it will redeem all of its $1,500,000,000 7.472% Senior Callable Fixed‑to‑Fixed Reset Rate Notes due 2026 on 10 November 2025, in accordance with the governing Indenture (Section 11.09). The amount currently outstanding is $1.5 billion.

The redemption applies to the series identified as ISIN US639057AG33 / CUSIP 639057AG3. The company furnished the notice to holders and provided a link to the full terms of the redemption.

Insights

Debt capital markets analyst

Administrative early redemption of a $1.5B 7.472% note series.

NatWest Group gave formal notice to redeem its $1,500,000,000 7.472% Senior Callable Fixed‑to‑Fixed Reset Rate Notes due 2026 on November 10, 2025. This is executed under the Indenture’s Section 11.09, indicating a contractual call right rather than a new financing action.

The filing lists the affected security (ISIN US639057AG33; CUSIP 639057AG3) and confirms the full outstanding amount will be redeemed. Cash‑flow treatment beyond the act of redemption isn’t detailed in the excerpt.

Operationally, holders will be repaid per the Indenture on the stated date; activity thereafter will depend on standard settlement mechanics. Subsequent disclosures may provide any additional procedural details if required.

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

October, 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

22 October 2025

Notice of Redemption

NatWest Group plc (the "Company")

The Company hereby gives notice to holders of the $1,500,000,000 7.472% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2026 issued by the Company pursuant to the Amended and Restated Indenture dated 13 December 2017 as amended and supplemented by the Tenth Supplemental Indenture dated 10 November 2022 (together, the "Indenture") (ISIN: US639057AG33; CUSIP: 639057AG3) (the "Notes") of the upcoming redemption of all of the outstanding Notes on 10 November 2025. The amount currently outstanding of the Notes is $1,500,000,000.  

The Company has elected to redeem the Notes on 10 November 2025 in accordance with the Indenture. The Notes are being redeemed pursuant to Section 11.09 of the Indenture.

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

http://www.rns-pdf.londonstockexchange.com/rns/3966E_1-2025-10-22.pdf

For further information, please contact:

Scott Forrest

Head of NatWest Treasury DCM

Tel: +44 (0)7747 455969

Legal Entity Identifier
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:	22 October 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

What did NatWest Group (NWG) announce in this 6-K?

NatWest Group will redeem all of its $1,500,000,000 7.472% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2026 on 10 November 2025.

Which NatWest (NWG) securities are affected by the redemption?

The 7.472% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2026, identified as ISIN US639057AG33 and CUSIP 639057AG3.

What is the outstanding amount being redeemed by NWG?

The notice states the amount currently outstanding is $1,500,000,000.

When will the NatWest (NWG) notes be redeemed?

The redemption date is 10 November 2025, in accordance with the Indenture (Section 11.09).

What is the coupon and maturity of the NWG notes being redeemed?

The notes carry a 7.472% coupon and were due in 2026 before this redemption notice.