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Santander will pay 1.38 billion euros (1.28 billion pounds) worth of preference shares in the bank.
The government is expected to raise its stake in Royal Bank of Scotland to 70.0%, from 58.0%, after converting 5.0 billion pounds' ($7.0 billion) worth of preference shares into ordinary shares.
The state already owns 58.0% of RBS, but could end up with 70.0% after the bank converts 5.0 billion pounds ($7.4 billion) worth of preference shares held by the government into ordinary shares, according to Collins Stewart analyst Alex Potter.
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(See "RBS' Annus Horribilis").. RBS added that the British government would increase its investment in the bank once it converts 5.0 billion pounds ($7.4 billion) worth of its preference shares into ordinary shares.
This is chiefly because they do not see it as worth a high position in their order of preference.
On the strength of "Because I'm worth it," Preference began stealing market share from Clairol.
For preferences to consume pornography necessarily depend on external preferences about the inferior worth of women that violate women's right to moral independence.
Listed in order of preference.
The order of preference was reversed.
It's just a matter of preference.
What would be the hierarchy of preference?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com