Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites.
Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. For avoidance of any doubts and to make it easier, you may consider any links to external websites as sponsored links. Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

RBS launches new bonds on London Stock Exchange’s retail bond market

RBS has today listed an Inflation Linked Bond and a Floating Rate Bond; each instrument will offer a minimum return of 3.9 percent with the quarterly coupon rising with inflation or interest rates accordingly.

Pietro Poletto, Head of Fixed Income Markets at London Stock Exchange Group, said:

“We are delighted to welcome two new RBS bonds on to our Order book for Retail Bonds today. The ORB market gives private investors the opportunity to access a wide range of corporate bonds and these latest issues – offering tools to reflect both inflation and interest rates – will further add to the diversity of bonds on our order book.”

The new RBS bonds will also be the first on ORB to be quoted in terms of their ‘dirty’ price. On ORB prices for all other bonds are currently quoted on a ‘clean’ basis. This follows the standard quoting convention in the institutional bond markets. A ‘clean’ price is one where accrued interest is not included. The ‘dirty’ price is the clean price plus the accrued interest. Factsheets on ‘clean’ and ‘dirty’ pricing and the calculation of accrued interest are available on the London Stock Exchange website.

Launched on 1 February 2010 in response to strong private investor demand for greater access to fixed income, the new order book now offers simple, transparent access to 50 UK gilts, 88 corporate bonds and three supranational bonds all tradable in easily manageable sizes. Bonds currently available for trading include securities issued by Lloyds TSB, Provident Financial, Tesco, BT, National Grid, GlaxoSmithKline, Unilever, Vodafone, Marks & Spencer, Kingfisher, Rolls Royce, Centrica and Imperial Tobacco.