Nationwide attracts over GBP4bn of orders for first sterling AT1 bond

By Aimee Donnellan

Tue Mar 4, 2014 3:41am EST

LONDON, March 4 (IFR) - Nationwide Building Society has attracted over GBP4bn of orders for the first ever sterling Additional Tier 1 bond, according to a market source.

The deal, which is expected to be benchmark in size, continues to be marketed at 7.25-7.5%, and will price later on Tuesday via Citi, Deutsche, RBS and UBS.

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