NatWest to redeem $1.5B 1.642% notes in 2026
NatWest Group plc has elected to redeem all of its $1,500,000,000 1.642% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027.
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Form Type
6-K
Rhea-AI Filing Summary
NatWest Group plc has elected to redeem all of its $1,500,000,000 1.642% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027. The company will redeem the notes in full on 14 June 2026 in accordance with Section 11.09 of the governing Indenture.
Key Figures
Notes principal amount: $1,500,000,000
Coupon rate: 1.642%
Scheduled maturity: 2027
+3 more
6 metrics
Notes principal amount
$1,500,000,000
Outstanding principal of Senior Notes being redeemed
Coupon rate
1.642%
Interest rate on Senior Callable Fixed-to-Fixed Reset Rate Notes
Scheduled maturity
2027
Original maturity year of the notes
Redemption date
14 June 2026
Date on which all outstanding notes will be redeemed
Indenture date
13 December 2017
Date of Amended and Restated Indenture governing the notes
Supplemental Indenture date
14 June 2021
Date of Eighth Supplemental Indenture
Key Terms
Senior Callable Fixed-to-Fixed Reset Rate Notes, Indenture, Eighth Supplemental Indenture, Legal Entity Identifier
4 terms
Senior Callable Fixed-to-Fixed Reset Rate Notes financial
"the $1,500,000,000 1.642% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027"
Indenture regulatory
"issued by the Company pursuant to the Amended and Restated Indenture dated 13 December 2017"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
Eighth Supplemental Indenture regulatory
"as amended and supplemented by the Eighth Supplemental Indenture dated 14 June 2021"
Legal Entity Identifier regulatory
"Legal Entity Identifier | -------------------------- NatWest Group plc | 2138005O9XJIJN4JPN90"
A legal entity identifier (LEI) is a unique, standardized code that functions like a global ID card for businesses and organizations involved in financial markets. It helps investors and regulators reliably identify who is on the other side of a deal, trace ownership and links between firms, and reduce confusion or fraud — improving transparency for reporting, risk assessment, and cross-border trades.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NatWest Group plc (NWG) announce in this 6-K filing?
NatWest Group plc announced it will redeem all of its $1,500,000,000 1.642% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027 on 14 June 2026. The redemption is being carried out under Section 11.09 of the applicable Indenture.
What is the size of the NatWest Group (NWG) notes being redeemed?
NatWest Group plc is redeeming notes with an outstanding principal amount of $1,500,000,000. These are 1.642% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027, issued under an Amended and Restated Indenture dated 13 December 2017 and supplemented in June 2021.
When will NatWest Group (NWG) redeem its 1.642% notes?
NatWest Group plc will redeem all outstanding 1.642% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027 on 14 June 2026. The company has formally given notice to noteholders that this redemption will occur in line with the Indenture terms.
What type of security is NatWest Group (NWG) redeeming?
NatWest Group plc is redeeming its 1.642% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027. These are senior notes issued under an Amended and Restated Indenture, later supplemented by an Eighth Supplemental Indenture dated 14 June 2021.
Under what legal document is NatWest Group (NWG) redeeming these notes?
The redemption is being executed under the Amended and Restated Indenture dated 13 December 2017, as supplemented by the Eighth Supplemental Indenture dated 14 June 2021. NatWest is acting pursuant to Section 11.09 of this combined Indenture structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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