Nationwide Bldg Society sells $4 bln notes in 2 parts

Mon Aug 10, 2009 4:10pm EDT
 
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NEW YORK, Aug 10 (Reuters) - Nationwide Building Society on Monday sold $4 billion in guaranteed notes in a two-part offering, said a market source familiar with the sale.

The sale included $2 billion in 2.75-year floating-rate notes with a coupon rate of 18 basis points over the three-month London Interbank Offered Rate.

It also includes $2 billion in three-year notes priced to yield 76.9 basis points over comparable U.S. Treasuries.

The joint lead managers on the sale were Barclays, Deutsche Bank, JP Morgan and Morgan Stanley. (Reporting by Caryn Trokie; Editing by Dan Grebler)

 

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