By Cristal Cody
Tupelo, Miss., Aug. 24 – Nationwide Building Society priced $750 million of 1% five-year senior notes (A1/A/A+) on Monday at a 75 basis points over Treasuries spread, according to a market source.
Initial price talk was in the Treasuries plus 95 bps area.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and NatWest Markets plc were the bookrunners.
The mutual financial company and building society is based in Swindon, England.
| Issuer: | Nationwide Building Society
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | Aug. 28, 2025
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| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and NatWest Markets plc
|
| Coupon: | 1%
|
| Spread: | Treasuries plus 75 bps
|
| Trade date: | Aug. 24
|
| Ratings: | Moody’s: A1
|
| S&P: A
|
| Fitch: A+
|
| Price guidance: | Treasuries plus 95 bps area
|
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