Nationwide looks to boost lev ratio with AT1 issue
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: