• Most Popular
  • Most Shared

New Issue-Nationwide Building Soc sells $4 bln notes

Mon Aug 10, 2009 4:23pm EDT
 
  Aug 10 (Reuters) - Nationwide Building Society POB.LON
on Monday sold $4.0 billion of government-guaranteed notes in
two parts in the 144a private placement market, said IFR, a
Thomson Reuters service.
  Barclays, Deutsche Bank, JP Morgan, and Morgan Stanley
were the joint bookrunning managers for the sale.
BORROWER: NATIONWIDE BUILDING SOCIETY*
FIRST TRANCHE:
AMT $2.0 BLN      COUPON 18 BPS/      MATURITY 5/17/2012 
TYPE GTD NOTES      3 MONTH LIBOR     FIRST PAY 11/17/2009
MOODY'S Aaa       ISS PRICE 100       SETTLEMENT 8/17/2009
S&P AAA           YIELD N/A           PAY FREQ SEMI-ANNUAL
FITCH N/A         SPREAD N/A          NON-CALLABLE      
SECOND TRANCHE:
AMT $2.0 BLN      COUPON 2.50 PCT     MATURITY 8/17/2012 
TYPE GTD NOTES    ISS PRICE 99.928    FIRST PAY 2/17/2010
MOODY'S Aaa       YIELD 2.525 PCT     SETTLEMENT 8/17/2009
S&P AAA           SPREAD 76.9 BPS     PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE      
*GUARANTEED BY THE GOVERNMENT OF THE UNITED KINGDOM

Bonds  |  Global Markets
Bonds
Global Markets


More from Reuters

A boy looks for recyclable items in the polluted waters of the Yamuna river in New Delhi December 9, 2009. REUTERS/Rupak De Chowdhuri

U.N. Climate Change Conference

Welcome to our live coverage of the U.N. Conference on Climate Change. This is your space to respond to our panalists and voice your views on the events at COP15.  Full Coverage 

    Discovery Communications Wellness Center medical technician Charline Faison notes patient medical information during an appointment at the clinic in the Discovery Communications headquarters buildingin Silver Spring, Maryland December 3, 2009. Credit: REUTERS/Jim Bourg

    House calls at the office

    Companies like Discovery say they've found a way to save millions in annual health insurance costs and provide better healthcare for their employees.  Full Article 

    Healthcare Reform
    Felix Salmon

    The banking revolution?

    A couple of firms you've probably never heard of have a few ideas that could revolutionize the broken consumer banking system, says Felix Salmon.  Full Article 

    Felix Salmon