Allen & Overy (A&O) has taken the lead role for Nationwide as it offers to buy back up to £715m in securities from investors in a bid to raise capital. The building society has launched the tender offer to holders of its permanent interest bearing shares (PIBS). The price offered on the securities has not been confirmed, but Nationwide has said it will be above current market price.
September 05, 2013 at 07:02 PM
1 minute read
The original version of this story was published on Legalweek
Building society offers to buy back securities in bid to raise capital
Allen & Overy (A&O) has taken the lead role for Nationwide as it offers to buy back up to £715m in securities from investors in a bid to raise capital.
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