Shearman & Sterling represented the underwriters, led by RBS Securities Inc., in connection with a global offering by The Royal Bank of Scotland Group plc of US$700 million in aggregate principal amount of 1.875% Senior Notes due 2017 and US$300 million Floating Rate Notes due 2017.

The RBS Group is one of the world’s largest banking and financial services organizations. It is headquartered in Edinburgh and provides a wide range of products and services to personal, commercial and large corporate and institutional customers in over 40 countries.

The Shearman & Sterling team of lawyers in the firm’s London and Washington, DC offices included Capital Markets partner David Dixter and associates Yaw Asare, Lulu Zhou and Rainer Adlhart. Partner Kristen Garry and associate Judy Fisher provided US tax advice, counsel Simon Letherman provided UK tax advice and partner Thomas Donegan and associate James Campbell advised on UK Financial Institutions Regulatory aspects of the offering.