According to the Financial Times, which cited unnamed sources with knowledge of the matter, hedge funds and private equity groups were among the investors who took up the loan portfolio.
The move is part of the bankâs ongoing sale of assets after European regulators requested that the institution focus on its core assets following its reliance on fiscal stimulus from the government during the financial crisis.
An unnamed spokesperson told the newspaper: âThe non-Core division of RBS is involved in a large number of transactions ... as it aims to deliver its strategic objective of removing Â£258 billion of assets from the RBS balance sheet.â
The FT quoted figures from the LCD and Markit report which showed that the average price of the most traded senior ranking loans was more than 96 per cent of the original value.
During August, RBS announced the sale of a corporate loan portfolio for â¬1.4 billion to the Intermediate Capital Group.
The transaction was the first of its kind that the bank had participated in.
By Jim Ottewill