The sterling bond market has been in good heart this year, helped by renewed life in the hybrid and covered bond segments. Its high-quality investor base has been attracting non-UK as well as British issuers and, appropriately enough, RBS has been one of the most active banks in the market.
RBS sees sterling fixed-income debt capital markets (DCM) as part of its natural stamping ground. “One of our stated strategic initiatives is to focus RBS as a strong UK bank that can help its domestic and international fixed-income clients access the UK capital markets, both inward and outward bound,” says Gordon Taylor, RBS head of fixed income DCM.
