RBS taps unguaranteed 2012 FRN to A$1 billion [UPDATED]

Royal Bank of Scotland Australia Branch (RBS) (A+/Aa3/AA-) increased the size of its unguaranteed 2012 floating rate note (FRN) by A$400 million (US$324million) on June 12, bringing the total size of the line to A$1 billion just a day after initial launch and pricing.