Nationwide Building Society Launches Tender Offer to Buy Back GBP750 Million Additional Tier 1 Securities

05:29 AM EDT, 09/21/2026 (MT Newswires) -- Nationwide Building Society (NBS.L) launched a tender offer to buy back 750 million pounds sterling of outstanding reset perpetual contingent convertible additional tier 1 capital securities for cash. The securities are being offered at a cash purchase price of 100.55% of the principal amount, plus accrued interest, according to a Monday filing. The maximum amount accepted is expected to match the principal amount of new securities that the lender plans to issue. Nationwide said that any existing bonds left outstanding after the offer could be redeemed at a later date, depending on regulatory capital treatment, funding costs, rating agency considerations, and market conditions. The offer closes at 4 pm local time on Friday, with settlement expected on Sept. 30.