Nationwide acquisition of Virgin Money expected to push up its funding
![Nationwide Building Society sign and exterior front of building in Queen Street Cardiff Wales UK KATHY DEWITT. Image shot 04/2013. Exact date unknown.](https://assets.euromoneydigital.com/dims4/default/e2fd6a9/2147483647/strip/true/crop/3776x2520+0+0/resize/840x561!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F3b%2F77%2Fc47ccb0346949c0d2389c8332ddb%2Fd5t72m.jpg)
◆ Nationwide to grow asset size by a quarter ◆ Affords to pay 38% premium thanks to top ranking CET1 ratio in Europe ◆ Strong rally of Virgin Money bonds suggest acquisition likely to proceed
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