Nationwide Financial Services, Inc. today announced that it has priced and will issue in a public offering $200 million of senior notes at an interest rate of 5.10 percent per year, due Oct. 1, 2015. Nationwide Financial intends to use the net proceeds from this offering for the redemption of all of the outstanding 7.10 percent Trust Preferred Securities of Nationwide Financial Services Capital Trust II, which are due in 2028. The redemption is scheduled to take place on September 28, 2005.
Wachovia Securities is the lead manager for the offering, which is expected to close on September 26, 2005.
Nationwide Financial, a publicly traded company based in Columbus, Ohio, provides a variety of financial services. Nationwide Financial is part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company.
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