NEW YORK, Nov 20 (Reuters) - Royal Bank of Scotland on Friday sold $7 billion of government-guaranteed notes in two parts, said IFR, a Thomson Reuters service.
The offering included $5 billion of floating-rate notes with a coupon rate of 26 basis points over the London Interbank Offer Rate. It also included $2 billion of 3-year fixed-rate notes priced to yield 80.5 basis points over comparable U.S. Treasuries, according to IFR. The lead manager on the sale was RBS.
(Reporting by Caryn Trokie; Editing by Dan Grebler) Keywords: ROYALBANK NOTES/SALE
(caryn.trokie@thomsonreuters.com ; + 1 646-223-6318; Reuters Messaging: caryn.trokie.reuters.com@reuters.net)
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NEW YORK, Nov 20 (Reuters) - Royal Bank of Scotland will sell $7 billion of debt in a two-part sale with the guarantee of the UK government, IFR reported.
The bank will sell $5 billion of 3-year floating-rate notes at a yield spread of three-month London Interbank Offer Rate plus 26 basis points, said IFR, a Thomson Reuters service. It will sell $2 billion of 3-year fixed-rate notes at mid-swaps plus 26 basis points. RBS is lead manager on the sale, expected to price later Friday.
(Reporting by Ciara Linnane; Editing by Theodore d'Afflisio) Keywords: RBS DEBT/SALE
(ciara.linnane@thomsonreuters.com; Tel: +1 646 223 6342; Reuters Messaging: ciara.linnane.reuters.com@reuters.net)
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Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
2 of you now hey. Reckon I could take you both. Then I'll bend you over and bum you both for good measure and we'll see whos a puff.
Incase you've blocked him mhin1 just posted this. Nice.
A skinflint is a person considered so miserly that they would even "skin a flint" to save something of it. A flint is a small piece of flintstone used to strike a spark in the tinderbox.
A 'skinflint' dislikes spending money and is also sometimes referred to as a 'tightwad', a 'miser', a 'niggard', a 'piker', and a 'penny pincher' or 'a Scrooge'.
The term originated in Old England when the most prosperous citizens built their house walls of solid flint blocks, the most costly building material of the time. Imitators who wished to have the cachet of flintstone without the expense began to build their walls of brick with a facing of flintstone. The facing became known as skinflint, and the builders became known as skinflints.
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