LONDON, Sept 20 (Reuters) - Royal Bank of Scotland is talking to investors to gauge support for a 'modest' equity placement of 3 billion pounds to 4 billion pounds, a source familiar with the situation said on Sunday.
The placement would be used to replace a small portion of the government's economic interest in RBS, the source said.
He said RBS, led by Chief Executive Stephen Hester, had been holding talks with institutions to test the appetite for a placement. RBS declined to comment.
(Reporting by Steve Slater; writing by Kate Holton; Editing by Greg Mahlich) Keywords: RBS CASHCALL/ (kate.holton@reuters.com; +44 207 542 8560; Reuters Messaging:kate.holton.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The placement would be used to replace a small portion of the government's economic interest in RBS, the source said.
He said RBS, led by Chief Executive Stephen Hester, had been holding talks with institutions to test the appetite for a placement. RBS declined to comment.
(Reporting by Steve Slater; writing by Kate Holton; Editing by Greg Mahlich) Keywords: RBS CASHCALL/ (kate.holton@reuters.com; +44 207 542 8560; Reuters Messaging:kate.holton.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
