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Nationwide floating rate, CEBB

Gilts, bonds, and interest-bearing shares
Rooky102
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Joined: November 7th, 2016, 9:22 am
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Nationwide floating rate, CEBB

#420003

Postby Rooky102 » June 16th, 2021, 4:56 pm

Nationwide floating rate, CEBB

It must be the season for tenders.
Now CEBB is up for tender at GBP1040 for every GBP1000 nominal:
https://www.londonstockexchange.com/new ... n/15003276

Original offering here:
https://www.nationwide.co.uk/-/media/Ma ... rnpibs.pdf

I couldn't work out why they drifted down to the mid-80's last September. But bought a bunch anyway, as they seemed boringly low risk.

Now not sure whether to keep or cash - if the spread wasn't usually so large, then I'd risk cashing in and buying back, that's back to understanding why they drifted lower last year.

Any views?

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