Nationwide acquisition of Virgin Money expected to push up its funding

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Nationwide acquisition of Virgin Money expected to push up its funding

Atanas Dinov, 
Sarah Ainsworth, Frank Jackman
March 07, 2024 05:05 pm
Nationwide Building Society sign and exterior front of building in Queen Street Cardiff Wales UK KATHY DEWITT. Image shot 04/2013. Exact date unknown.

◆ 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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Atanas Dinov
Bank Finance Editor
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Sarah Ainsworth
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Frank Jackman
Corporate Debt Editor
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