US639057AV00 · Corp · USD

Natwest Group Plc 5.12% 2031/05

Natwest Group PlcUnited KingdomGLOBALSenior Unsecured
MID PRICE
103.39
par = 100
YIELD TO MAT.
4.79%
semi-annual
COUPON
5.120%
semi-annual · fixed
MATURITY
2031-05-23
bullet · 5.05y
OUTSTANDING
not disclosed
AS OF
2026-04-30
Fund disclosure

Sign up free to see prices on this bond

Free accounts get 40 bond price views per month — 4× the anonymous quota. Pro is unlimited.

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
4.32 y
1bp ↑ ≈ -0.043% P&L
Convexity
22.51
higher = more curvature
Years to maturity
5.05 y
YTM source
Ingested
Fund disclosure
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
Vanguard Short-Term Corporate Bond
Vanguard
US Corporate Short$30.9M0.06%2026-03-31
iShares iBoxx $ Investment Grade Corporate Bond
iShares
US IG Corporate$12.2M▲ $167K0.04%2026-04-30
Vanguard Total Bond Market
Vanguard
US Aggregate$11.0M0.00%2026-03-31
iShares 1-5 Year Investment Grade Corporate Bond
iShares
US IG Corporate 1-5Y$9.7M▲ $633K0.04%2026-04-30
Vanguard Short-Term Bond
Vanguard
US Aggregate Short$7.7M0.01%2026-03-31
iShares Core U.S. Aggregate Bond
iShares
US Aggregate$6.7M▼ $78K0.00%2026-04-30
SPDR Portfolio Intermediate Term Corporate Bond
SPDR
US IG Corporate Intermediate$3.1M▼ $599K0.03%2026-04-30
iShares Broad USD Investment Grade Corporate Bond
iShares
US Broad IG Corporate$2.8M▲ $4K0.02%2026-04-30
SPDR Portfolio Aggregate Bond
SPDR
US Aggregate$668K▲ $1K0.01%2026-04-30
iShares Core 1-5 Year USD Bond
iShares
US Short-Term Core$403K▲ $9020.01%2026-04-30
iShares ESG Aware USD Corporate Bond
iShares
US ESG IG Corporate$207K▲ $4620.01%2026-04-30
SPDR Portfolio Corporate Bond
SPDR
US IG Corporate$202K▲ $4340.01%2026-04-30
iShares Interest Rate Hedged Corporate Bond
iShares
US IR Hedged IG Corporate$184K▼ $6050.04%2026-04-30
Subscribe to reveal which signals are holding this bond.Subscribe →

Price history

Sherpa Signal

AS OF 2026-04-30

Institutional footprint · signal-level holdings

54/ 100Active coverage
Interpretation. Moderate institutional footprint, holding
HOLDERS
13
unchanged in 7d
AGGREGATE EXPOSURE
$85.7M
USD across all
TOP CONCENTRATION
36.0%
largest holder
FLOW
▲ $609K
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
103,393 USD
PRICE
103.39

RFQ routing · coming soon

Security details

VIA OPENFIGI
Canonical
NWG 5.115 05/23/31
FIGI
BBG01V4TZML2
CUSIP
639057AV0
ISIN
US639057AV00
Type
Corp
Issued
2025-05-23
Face value
100 USD
Ticker
NWG V5.115 05/23/31
Sec. type
GLOBAL
Seniority
Senior Unsecured

Issuer curve

NWG · 10 PTS

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