Nationwide Financial Services, a subsidiary of Nationwide MutualInsurance Company based in Columbus, Ohio, said it would issue a$200 million senior note offering to retire a higher interestdebt.
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 TrustPreferred Securities of Nationwide Financial Services Capital TrustII, due 2028.
The redemption is scheduled to take place Sept. 28.
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