Linklaters has secured a trophy mandate acting on the record 12 billion pound ($23.8 billion) rights issue by the Royal Bank of Scotland (RBS) — the largest of its kind to date.
Linklaters is advising the bank — the U.K.’s second-largest lender and a long-term client of the Magic Circle firm — on the issue, announced Tuesday, which comes with RBS set to announce write-downs of 5.9 billion pounds ($11.7 billion) in subprime-related assets.
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