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)

COPYRIGHT

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.