NatWest Group plc (NWG) published a Fifth Supplementary Prospectus on 30 October 2026, approved by the Financial Conduct Authority, relating to its £40,000,000,000 Euro Medium Term Note Programme originally established on 5 December 2025. The supplementary document updates the base prospectus and has been submitted to the National Storage Mechanism, making it available for public inspection. The filing is a routine but material step in maintaining NatWest's wholesale debt issuance infrastructure, which investors in the bank's debt securities will be monitoring closely.

Key Points

  • NatWest Group plc (NWG), one of the UK's largest retail and commercial banking groups
  • The bank published its Fifth Supplementary Prospectus to its £40bn Euro Medium Term Note Programme, approved by the FCA on 30 October 2026
  • The base programme was originally dated 5 December 2025; the document is available via the London Stock Exchange RNS and the FCA's National Storage Mechanism
  • Investors in NatWest's debt securities should review the updated prospectus to assess any changes to the programme's terms

NatWest's £40bn Euro Medium Term Note Programme and FCA Approval

The announcement confirms that the Financial Conduct Authority has formally approved the Fifth Supplementary Prospectus, which supplements the base prospectus for NatWest Group's £40,000,000,000 Euro Medium Term Note Programme dated 5 December 2025. Euro Medium Term Note programmes are standard debt issuance facilities used by large financial institutions to raise wholesale funding across a variety of currencies, maturities, and structures. NatWest, which operates extensively across retail, commercial, and private banking in the United Kingdom, uses such programmes as a core component of its treasury and capital management strategy. The programme's significant size reflects the bank's ongoing funding requirements in wholesale debt markets.

Submission to the FCA National Storage Mechanism and Public Access

A copy of the Fifth Supplementary Prospectus has been submitted to the FCA's National Storage Mechanism, where it will shortly be available for public inspection. The full document has also been made accessible via the London Stock Exchange's RNS platform. Scott Forrest, Head of NatWest Treasury DCM, is named as the contact for further information and can be reached at the telephone number provided in the announcement. The submission ensures regulatory compliance with prospectus publication requirements, providing transparency to existing and prospective holders of notes issued under the programme.

Intended Addressees and Geographic Restrictions on the Prospectus

The announcement includes an important disclaimer noting that the information contained within the Supplementary Prospectus and the associated base prospectus is directed only at persons resident in particular countries as specified within those documents. The disclosure states that the materials should not be relied upon by any person outside the intended addressee jurisdictions or where the offer is not addressed. This geographic restriction is a standard feature of cross-border debt issuance programmes and reflects the varying regulatory frameworks that govern securities offerings across different international markets. Investors are directed to consult the full prospectus to confirm eligibility before relying on the information contained therein.