RBS should buy back its hybrid debt
Hurry up Hester
The stateowned UK bank's tier one capital instruments are trading well below face value because of a European Commission ban on paying dividends. Buying them back at a discount would boost RBS's capital and give investors a getout clause. It looks a nobrainer.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.