These are the details of the selected bond:
- Issuer: Nationwide Building Society
- Covered bond rating(s) at launch: AAA (S&P) AAA (Fitch)
- Amount: EUR500m
- Maturity date: 16 September 2032
- Re-offer price: 99.912
- Coupon: 2.875%
- Swap spread: 45bp
- Government spread: 51.0bp
- Pricing date: 9 September 2025
- Settlement date: 16 September 2025
- Bookrunners: ABN Amro, BBVA, BNP Paribas, NatWest, NordLB
- Country: UK
- ISIN: XS3180074380
- Collateral type: Mortgage
- The CBR bond ID: 3207
- Green, social, sustainability description: unlabelled
- Misc: Simultaneous with EUR1bn 2.375% January 2029 issue (XS3180073572). Final book above EUR1.25bn (exc. JLMs) with 60 accounts. Asset managers/fund managers 49%, banks/private banks 20%, central banks/official institutions 20%, insurance companies/pension funds 11%. Germany/Austria/Switzerland 53%, Nordics 15%, France 9%, Benelux 9%, UK/Ireland 8%, southern Europe 4%, other 2%.
