US639057AL28 · USDInvestment Grade · A-

Natwest Group Plc 5.58% 2028/03

MID PRICE
100.86
par = 100
YIELD TO MAT.
4.69%
semi-annual
COUPON
5.580%
semi-annual · fixed
MATURITY
2028-03-01
bullet · 1.81y
OUTSTANDING
not disclosed
AS OF
2026-05-07

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About this bond

AI BRIEF · GROUNDED IN STRUCTURED DATA
About the issuer

National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which was re-named NatWest Group in 2020. Following ringfencing of the group's core domestic business, the bank became a direct subsidiary of NatWest Holdings; NatWest Markets comprises the non-ringfenced investment banking arm. NatWest International is a trading name of RBS International, which also sits outside the ringfence.

Source: Wikipedia →

Risk analytics

SEMI-ANNUAL · BULLET · PAR 100
Modified duration
1.69 y
1bp ↑ ≈ -0.017% P&L
Convexity
3.78
higher = more curvature
Years to maturity
1.81 y
YTM source
Ingested
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
Invesco Ultra Short Duration
Invesco
US Ultra Short$20.9M▼ $5K0.59%2026-04-23
iShares 0-5 Year Investment Grade Corporate Bond
iShares
US IG Corporate$754K▼ $2340.03%2026-05-07
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Price history

Sherpa Signal

AS OF 2026-05-07

Institutional footprint · signal-level holdings

22/ 100Early footprint
Interpretation. Minimal institutional footprint, with net distribution
HOLDERS
2
unchanged in 7d
AGGREGATE EXPOSURE
$21.6M
USD across all
TOP CONCENTRATION
96.5%
largest holder
FLOW
▼ $20.1M
unchanged in 7d

Sherpa Signal is derived from a panel of tracked institutional portfolios. Names of individual holders are not disclosed.

100K PAR NOTIONAL · MARKET VALUE
100,860 USD
PRICE
100.86

RFQ routing · coming soon

Security details

AWAITING ENRICHMENT
CUSIP
639057AL2
ISIN
US639057AL28
Issued
2024-02-29
Face value
100 USD
Seniority
Senior Unsecured

Issuer curve

Natwest · 10 PTS

Yield (%) plotted against years-to-maturity. This bond highlighted in amber.