New Nationwide 2038 Bond Starts Trading; NBS Steady at £129 After Payout
Nationwide paid a £5.125 final distribution per CCDS and admitted NOK 1 billion of 4.935% senior preferred notes due 2038 to the London Stock Exchange. NBS capital shares held at £129. Nationwide’s underlying pretax profit rose 9% to about £2 billion. UK services PMI fell to 48.7 in June, signaling sector contraction.