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NBS

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NEUTRAL

Nationwide Building Society Redeems £50 Million Senior Non-Preferred Notes

Why we think this is neutral

This RNS announcement is regarding the redemption of £50 million in senior non-preferred notes by Nationwide Building Society. While this is a routine corporate action, it does not provide any significant new information about the company's financial performance or outlook.

Key Points

  • Nationwide Building Society to redeem £50 million in senior non-preferred notes
  • Notes will be redeemed at principal amount plus accrued interest
  • Redemption to take place on 1 August 2025

Summary

The major building society is redeeming £50 million in senior non-preferred notes as part of its regular capital management activities.

Nationwide Building Society has announced that it will be redeeming £50 million in Fixed Rate Reset Senior Non-Preferred Notes due August 2026. The notes will be redeemed at their principal amount, along with any unpaid interest accrued up to the redemption date of 1 August 2025.

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