Nationwide Publishes Final Terms for £1.75bn Regulated Covered Bond Issues

Nationwide Building Society ( (GB:NBS) ) has issued an update.

Nationwide Building Society has published the final terms for two new sterling-denominated regulated covered bond issues under its €45 billion Global Covered Bond Programme. The issues comprise a £750 million floating rate covered bond due July 2029 and a £1 billion 4.25% fixed rate covered bond due December 2032, both guaranteed as to principal and interest by Nationwide Covered Bonds LLP. The documentation has been submitted to the UK National Storage Mechanism, signalling continued active use of wholesale funding markets to support Nationwide’s funding strategy and providing investors with additional secured debt instruments in the UK covered bond space.

The most recent analyst rating on (GB:NBS) stock is a Hold with a £14094.00 price target. To see the full list of analyst forecasts on Nationwide Building Society stock, see the GB:NBS Stock Forecast page.

Spark’s Take on GB:NBS Stock

According to Spark, TipRanks’ AI Analyst, GB:NBS is a Neutral.

Nationwide Building Society’s overall score reflects strong corporate events and a solid financial foundation, offset by technical indicators suggesting potential overbought conditions and concerns over leverage and cash flow. The stock appears undervalued, but the lack of a dividend yield and high leverage are notable risks.

To see Spark’s full report on GB:NBS stock, click here.

More about Nationwide Building Society

Nationwide Building Society is a UK-based mutual financial institution operating as a building society, providing retail banking and mortgage lending services primarily to UK customers. It raises funding through wholesale markets, including covered bond programmes, to support its lending activities and balance sheet management.

Average Trading Volume: 973

Technical Sentiment Signal: Sell

Current Market Cap: £1.38B

For a thorough assessment of NBS stock, go to TipRanks’ Stock Analysis page.