RBS to launch 'social bond' to boost lending in deprived areas
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LONDON (Reuters) - Royal Bank of Scotland said on Friday it is launching the first "social bond" by a British lender, with the proceeds earmarked to back small businesses in some of the country's most deprived areas.RBS said it planned to announce pricing and how much it intended to raise later today, after engaging with potential investors during a roadshow this week.The lender said the bond would be linked to around 2.5 billion pounds of lending to small firms in disadvantaged areas, adding..