All material subject to strictly enforced copyright laws. © 2021 Euromoney Institutional Investor PLC group
FIGRegulatory Capital

Nationwide looks to boost lev ratio with AT1 issue

Nationwide_Adobe_575x375

Nationwide Building Society was able to tighten pricing by 50bp on the sale of an additional tier one bond on Wednesday, landing at a 5.75% coupon. The new issue will increase the bank’s leverage ratio, which went down last year amid a net redemption of tier one debt.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree