RBS to Sell $8 Billion in Loans to Apollo, TPG, GSO, FT Says

By Andrew Shepherd

Aug. 11 (Bloomberg) -- Royal Bank of Scotland Group Plc is selling up to $8 billion worth of leveraged-buyout financing to private-equity groups Apollo Management LP, GSO Capital Partners LP and TPG Inc., the Financial Times reported, citing unidentified people familiar with the deal.

The acquirers of the loans may make returns of as much as 30 percent, given the markdown on the sale prices, the FT said, citing Tony James, president of Blackstone Group LP, of which GSO is the debt investing arm.

RBS did not reply to calls for comment, the FT said.

To contact the reporter on this story: Andrew Shepherd in London ashepherd5@bloomberg.net