[6-K] NatWest Group plc Current Report (Foreign Issuer)
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
NatWest Group plc plans to redeem its £500,000,000 Fixed to Fixed Rate Notes due 28 March 2027 on 28 March 2026. These sterling-denominated Notes (ISIN XS1970533219) will be redeemed at par, plus interest accrued to but excluding the redemption date, under the issuer call option in Condition 5(d).
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FAQ
What did NatWest Group plc (NWG) announce in this 6-K filing?
NatWest Group plc announced it will redeem its £500,000,000 Fixed to Fixed Rate Notes on 28 March 2026. These Notes were originally due 28 March 2027 and will be repaid at par plus accrued interest up to, but excluding, the redemption date.
What size and type of NatWest Group (NWG) notes are being redeemed?
The filing states NatWest will redeem £500,000,000 of Fixed to Fixed Rate Notes. These sterling-denominated Notes, identified by ISIN XS1970533219, are currently outstanding in full and were originally scheduled to mature on 28 March 2027 before this call notice.
When will NatWest Group (NWG) redeem its 2027 notes?
NatWest Group plans to redeem the Notes on 28 March 2026. This redemption date brings repayment forward by one year from the original 28 March 2027 maturity, using the issuer call option specified in Condition 5(d) of the Notes’ terms.
At what price will NatWest Group (NWG) redeem these notes?
The Notes will be redeemed at par, meaning their full principal amount, together with interest accrued to but excluding 28 March 2026. This follows the call option terms in Condition 5(d), which govern redemptions at the issuer’s option under the Note documentation.
Under which provision is NatWest Group (NWG) calling its notes?
NatWest Group is redeeming the Notes under Condition 5(d), described as the Call Option – Redemption at the Option of the Issuer. This provision allows the issuer to repay the Notes early at par plus accrued interest, consistent with the disclosed redemption notice.
How were holders of NatWest Group (NWG) notes notified of the redemption?
The filing explains that NatWest has notified holders pursuant to the terms of the Notes. It also provides a link to the formal notice of redemption, which was issued as a company announcement in London and sets out the detailed conditions for the early repayment.