The full invitation can be read on the UKFI website here. Four tenders have been announced: bookrunner, co-lead manager, capital markets adviser, and financial and/or strategic adviser.
Efinancialnews reports that a source familiar with the matter said the UK government was “looking to refresh its options ahead of the Lloyds and RBS privatisations”. It also reports that UKFI chairman Robin Budenberg is leading the tender process.
At his Mansion House speech last week, chancellor George Osborne said that the sale of RBS was still some way off. He also ignored a recommendation from the Parliamentary Commission on Banking Standards to wind down the UKFI on account of its interference in the sale of the two banks.