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RBS plans debt buy-back

Royal Bank of Scotland is planning a restructuring of its balance sheet.

According to the Financial Times, the bailed-out bank is planning the balance sheet restructuring in a bid to boost capital and confidence with bond holders.

Under the plans, currently being ironed out by RBS finance director Bruce van Saun and capital management chief David O’Loan, RBS will buy back at least £10bn of its £28bn debt.

The report says any debt bought back will be at a premium to current prices.

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