Nationwide floating rate, CEBB
Posted: 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?
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?