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Nationwide Building Society Said to Sell Covered Bonds in Euros

Nationwide Building Society plans to sell five-year covered bonds in euros, according to a banker involved in the transaction.

The notes may be priced to yield about 135 basis points more than the benchmark mid-swap rate, the banker said. Barclays Capital, HSBC Holdings Plc, Royal Bank of Scotland Group Plc and Societe Generale SA are managing the sale.

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