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.
NOT FOR REPRINT
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.