We advised NatWest Markets on its Rule 144A medium-term notes program update and notes offerings

Davis Polk advised NatWest Markets Plc, a public limited company incorporated under the laws of Scotland, in connection with the update of its $10 billion Rule 144A medium-term notes program and its offering thereunder of $950 million aggregate principal amount of 0.800% senior notes due 2024 and $300 million aggregate principal amount of floating-rate senior notes due 2024. The notes are listed on the London Stock Exchange.

NatWest Markets is the investment banking arm of NatWest Group plc, a banking and financial services group. NatWest Markets provides risk management, trading solutions and debt financing principally to financial institutions and corporate customers. It has sales and trading operations in Amsterdam, London, Singapore and Stamford and sales offices across key locations in the United Kingdom, European Union, United States and Asia-Pacific.

The Davis Polk U.S. corporate team included partner Reuven B. Young and associate Maxim Van de moortel. The U.S. tax team included counsel Alon Gurfinkel and associate Summer Xia. Partner Jonathan Cooklin and counsel Dominic Foulkes provided U.K. tax advice. Partner Gregory S. Rowland and associate Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the London and New York offices.

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