NatWest Expects GBP325 Million Charge in 3Q Due to Tender Offer
By Adriano Marchese
NatWest Group PLC said Wednesday it expects it will book a 325
million-pound ($413.9 million) charge in the third quarter as a
result of its tender offer.
The U.K. bank said it has accepted $1.98 billion in aggregate
principal amount of securities that were tendered.
It noted the final charge to income in the quarter will be
dependent on foreign-exchange rate movements.
Write to Adriano Marchese at email@example.com
(END) Dow Jones Newswires
September 23, 2020 13:42 ET (17:42 GMT)
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