Nationwide Building calls $1 billion fixed-to-floating notes due 2023

By Rebecca Melvin

Concord, N.H., April 5 – Britain’s Nationwide Building Society has given notice to holders of its $1 billion fixed-to-floating notes due 2023 (ISINs: US63861VAD91, US63861WAD74) that it will redeem the notes on April 26.

The securities will be redeemed at par, together with accrued and unpaid interest to the repayment date, according to a notice.

Following the redemption, the notes and their listing on the London Stock Exchange will be canceled.

The mortgage lender is based in Swindon, England.

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