Nationwide Financial Services, a subsidiary of Nationwide Mutual Insurance Company based in Columbus, Ohio, said it would issue a $200 million senior note offering to retire a higher interest debt.
The senior notes would be issued at 5.1 percent and be due Oct. 1, 2015. The offering would be used to retire a 7.1 percent Trust Preferred Securities of Nationwide Financial Services Capital Trust II, due 2028.
The redemption is scheduled to take place Sept. 28.
Wachovia Securities is managing the offering.
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