Nationwide Building Society made a successful comeback to the European lower tier two market this week when it priced a well oversubscribed Eu750m 10 year bullet issue. The deal, which was led by Barclays Capital, Deutsche Bank and JPMorgan, attracted an order book of Eu1.3bn and 130 investors.
Nationwide had not been to that market in public benchmark size since 2005. That deal is coming up to its first call date in August.
"We went on a roadshow last week and received a very good reception from investors but part of the feedback from the roadshow