http://www.ft.com/cms/s/0/e710e112-6c6f-11dc-a0cf-0000779fd2ac.html

Royal Bank of Scotland has cleared one of the final remaining hurdles in its break-up bid for ABN Amro by raising more than €6bn (£4.2bn) through an issue of preference shares.

But in spite of strong interest from investors, the pricing of the issue, believed to be the largest ever by a bank, underlines how the cost of financing the deal has risen as a result of the turmoil in the capital markets.

Very interesting, we’ll need to see how this develops, and what this will mean to the deal, the shareholders and the employees of the banks’ involved, an interesting article from the FT, do check it out, if you’ve been following the deal.