Nationwide Building to redeem €1.25 billion 4.125% subordinated notes

By Sarah Lizee

Olympia, Wash., Jan. 19 – Nationwide Building Society plans to redeem fully redeem its €1.25 billion 4.125% fixed-rate reset callable subordinated notes due 2023, according to a London Stock Exchange notice.

The notes will be redeemed on March 20 at par plus accrued interest up to but excluding the redemption date.

The notes were issued under the company’s $25 billion European note program.

Nationwide is a member-owned provider of retail financial services based in Swindon, England.

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