By Cristal Cody
Chicago, Oct. 5 – Nationwide Building Society priced $1 billion of 1.5% five-year bonds with a Treasuries plus 60 basis points spread, a market source reported.
The notes priced low to talk in the Treasuries plus 75 bps to 80 bps area.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and NatWest Markets plc worked as bookrunners.
The mutual financial company and building society is based in Swindon, England.
| Issuer: | Nationwide Building Society
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Maturity: | Oct. 13, 2026
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and NatWest Markets plc
|
| Coupon: | 1.5%
|
| Spread: | Treasuries plus 60 bps
|
| Trade date: | Oct. 5
|
| Price guidance: | Treasuries plus 75 bps to 80 bps area
|
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