By Aleesia Forni
Virginia Beach, Jan. 13 – Nationwide Building Society sold $1 billion of 2.35% senior notes (A2/A/A) due 2020 at 98 basis points over Treasuries, a market source said.
The notes priced at the tight end of talk.
Pricing was at 99.967 to yield 2.357%.
Barclays, Citigroup Global Markets Inc., Credit Suisse Securities and UBS Securities LLC were the bookrunners.
Proceeds will be used for general corporate purposes.
The financial services company is based in Swindon, England.
| Issuer: | Nationwide Building Society
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| Amount: | $1 billion
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| Description: | Senior notes
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| Maturity: | Jan. 21, 2020
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| Bookrunners: | Barclays, Citigroup Global Markets Inc., Credit Suisse Securities, UBS Securities LLC
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| Coupon: | 2.35%
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| Price: | 99.967
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| Yield: | 2.357%
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| Spread: | Treasuries plus 98 bps
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| Trade date: | Jan. 12
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| Settlement date: | Jan. 21
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| Ratings: | Moody’s: A2
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| Standard & Poor’s: A
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| Fitch: A
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| Distribution: | Rule 144A, Regulation S
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| Price talk: | 100 bps area, tightened from 100 bps to 110 bps
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