tiprankstipranks
Company Announcements

Nationwide Building Society to Redeem €1 Billion Senior Notes

Story Highlights
Nationwide Building Society to Redeem €1 Billion Senior Notes

Nationwide Building Society ( (GB:NBS) ) has provided an update.

Nationwide Building Society has announced its decision to fully redeem its €1,000,000,000 Fixed-to-Floating Rate Senior Non-Preferred Notes due in March 2026, on March 10, 2025. This redemption will result in the cancellation of the Notes and cessation of interest payments, and Nationwide will request the cancellation of the Notes’ listing on the London Stock Exchange, reflecting a significant step in its financial strategy.

More about Nationwide Building Society

Nationwide Building Society is a financial institution operating in the banking and building society industry. It primarily offers financial products and services, including savings accounts, mortgages, and loans, focusing on providing value to its members and customers.

YTD Price Performance: 1.15%

Average Trading Volume: 2,154

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £1.4B

For a thorough assessment of NBS stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1