New Issue-RBS sells 141 bln yen in Samurai bonds

TOKYO, June 24 (Reuters) - Royal Bank of Scotland (RBS.L)
sold 141 billion yen ($1.3 billion) in Samurai bonds in four
tranches on Tuesday, lead manager Daiwa Securities SMBC said.

Details are as follows:

1. Five-year fixed-rate bond:

Issue amount: 55 billion yen

Coupon: 2.59 percent

Issue price: par

Maturity date: June 28, 2013

Coupon payments: June 28, Dec. 28

Payment date: June 30, 2008

Lead managers: RBS Securities

Daiwa Securities SMBC

Fiscal agent: Sumitomo Mitsui Banking Corp

Ratings: Aaa (Moody's)

AA (S&P)

AA (Fitch)

Spread: Yen swaps + 95 basis points

2. Three-year fixed-rate bond:

Issue amount: 20 billion yen

Coupon: 2.25 percent

Issue price: par

Maturity date: June 28, 2011

Coupon payments: June 28, Dec. 28

Payment date: June 30, 2008

Lead managers: RBS Securities

Daiwa Securities SMBC

Fiscal agent: Sumitomo Mitsui Banking Corp

Ratings: Aaa (Moody's)

AA (S&P)

AA (Fitch)

Spread: Yen swaps + 79 basis points

3. Ten-year fixed-rate bond:

Issue amount: 11 billion yen

Coupon: 3.00 percent

Issue price: par

Maturity date: June 28, 2018

Coupon payments: June 28, Dec. 28

Payment date: June 30, 2008

Lead managers: RBS Securities

Daiwa Securities SMBC

Fiscal agent: Sumitomo Mitsui Banking Corp

Ratings: Aaa (Moody's)

AA (S&P)

AA (Fitch)

Spread: Yen swaps + 100 basis points

4. Five-year floating-rate bond:

Issue amount: 55 billion yen

Coupon: 0.95 pct point above three-month yen Libor

Issue price: par

Maturity date: June 28, 2013

Coupon payments: March 28, June 28, Sept. 28, Dec. 28

Payment date: June 30, 2008

Lead managers: RBS Securities

Daiwa Securities SMBC

Fiscal agent: Sumitomo Mitsui Banking Corp

Ratings: Aaa (Moody's)

AA (S&P)

AA (Fitch)

The Samurai bonds are yen bonds issued in Japan by
non-Japanese entities.
($1=107.82 Yen)
(Reporting by Takefumi Ito and Naoyuki Katayama: writing by
Shinichi Saoshiro)