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 adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

September 23, 2020 13:42 ET (17:42 GMT)

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