Business
Pre Stabilisation Notice
HSBC Bank plc, acting as Stabilisation Coordinator, has issued a pre-stabilisation notice regarding an offer of securities by Nationwide Building Society. The Stabilisation Manager(s), including HSBC Bank plc, BMO Capital Markets, Nomura, and RBC Capital Markets, may undertake stabilisation activities from January 7, 2026, until February 13, 2026, to support the market price of the securities. These activities may involve over-allotting up to 5% of the aggregate nominal amount of the floating rate due July 16, 2029, and fixed rate due December 16, 2032, securities, with the offer price to be determined. Disclaimer*
About this update from Nationwide Building Society
[{"type":"text","content":"\n\n7th January 2026\n \nNationwide Building Society\n\nPre Stabilisation Notice\nHSBC (contact: [email protected]) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities\n\n\n\n\nThe securities:\n\n\n\n\nIssuer:\n\n\nNationwide Building Society\n\n\n\n\nGuarantor (if any):\n\n\nNationwide Covered Bonds LLP\n\n\n\n\nAggregate nominal amount:\n\n\nGBP Benchmark / GBP Benchmark\n\n\n\n\nDescription:\n\n\nFloating rate due 16th July 2029 / Fixed rate due 16th Dec 2032 \n\n\n\n\nOffer price:\n\n\nTBC \n\n\n\n\nOther offer terms:\n\n\n\n\n\n\n\nStabilisation:\n\n\n\n\nStabilising Manager(s):\n\n\nBMO Capital Markets, HSBC Bank plc, Nomura and RBC Capital Markets\n\n\n\n\nStabilisation period expected to start on:\n\n\n7th January 2026\n\n\n\n\nStabilisation period expected to end no later than:\n\n\n13th February 2026\n\n\n\n\nExistence, maximum size & conditions of use of over-allotment facility[1]:\n\n\n5% of the aggregate nominal amount\n\n\n\n\nStabilisation Venue(s)\n\n\nOver the counter (OTC)\n\n\n\n\n \nIn connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilisation Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any time. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.\nThis announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.\n ...