2019-09-18_24_novel-twist-in-nationwide-at1_teaser
TwentyFour Blog
Banks UK

Novel Twist in Nationwide AT1

Regular readers of our blog will know that in the world of additional tier 1 (AT1), the Nationwide Building Society has been one of our favoured issuers in the market. We held the old sterling Nationwide 6.875% perpetual bonds from launch in 2014, and were not in the least surprised when the issuer called the bond at the earliest opportunity in June, though it did leave us a gap to fill in the subordinated bank sector.

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