Nationwide Building Society Core Capital Deferred Shs (Min 250 CCDS) (NBS): Tender offer
This situation live
NBS Nationwide Building Society Core Capital Deferred Shs (Min 250 CCDS)
21 Sep 2026 · announced · +0% until the next step
The purpose of the Offer is to provide liquidity for investors in the Securities concurrently with the opportunity to participate in the Issuer's proposed issuance of New Securities.
22 Sep 2026 · announced · +0% until the next step
the Issuer confirms that it will accept for purchase any validly tendered Securities up to the Maximum Acceptance Amount without such Securities being scaled by a Scaling Factor, subject to the New Fi
Tender offer
paid · paid out
Kindtender offer
Amount£542,612,000
Of market value56%
As of 28 Sep 2026 ↗
Since Oct 2023: 119 situations of this kind – paid out 63%, went quiet 37%; median share price +5% six months after they opened
Every step · 4
- 21 Sep 2026 announced – The purpose of the Offer is to provide liquidity for investors in the Securities concurrently with the opportunity to participate in the Issuer's proposed... ↗
- 22 Sep 2026 announced – the Issuer confirms that it will accept for purchase any validly tendered Securities up to the Maximum Acceptance Amount without such Securities being... ↗
- 28 Sep 2026 announced – The aggregate principal amount of the Securities validly tendered and accepted for purchase pursuant to the Offer is £542,612,000 (representing 72.35 per... ↗
- 28 Sep 2026 paid – ANNOUNCES RESULTS OF TENDER OFFER TO PURCHASE SECURITIES FOR CASH ↗
What is happening
Nationwide Building Society Core Capital Deferred Shs (Min 250 CCDS): Tender offer – paid. ['paid']
- In short
- On 21 Sep 2026 Nationwide launched a tender offer for its £750m Reset Perpetual Contingent Convertible AT1 securities at 100.550% plus accrued interest. It is conditional on a new sterling AT1 issue, and the amount accepted is expected to equal the size of that issue. The offer is part of active management of its capital base.
- Announced
- 21 Sep 2026 · announced
- Latest
- 28 Sep 2026 · paid
- Securities
- £750,000,000 Reset Perpetual Contingent Convertible AT1 securities, ISIN XS2113658202
- Purchase price
- 100.550% of principal plus accrued interest
- Size
- Cap expected to equal the principal amount of the New Securities; to be announced after pricing
- Conditions
- New Financing Condition: successful issue of new sterling fixed rate reset perpetual AT1 securities
- Timetable
- Offer launched 21 Sep 2026; expires 4:00 p.m. London time on 25 Sep 2026
- Remaining holders
- Issuer intends to consider optional redemption of any remainder on an economic basis; first call date 20 June 2027
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Also at Nationwide Building Society Core Capital Deferred Shs (Min 250 CCDS) 0 open
Capital returnTender offer – paid · closed
Nationwide Building Society Core Capital Deferred Shs (Min 250 CCDS) – company page →