COLUMBUS, Ohio, Sept. 21 /PRNewswire-FirstCall/ -- Nationwide Financial
Services, Inc. (NYSE: NFS) 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%
per year, due October 1, 2015. Nationwide Financial intends to use the net
proceeds from this offering for the redemption of all of the outstanding 7.10%
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. Interested parties may obtain a
written prospectus relating to the senior notes from Will Cunningham, Wachovia
Capital Markets, LLC, 8739 Research Drive, Charlotte, North Carolina,
28262-8537.
This announcement does not constitute an offer to sell or the solicitation
of an offer to buy these securities, nor shall there be any sale of these
securities in any state in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
that state.
Nationwide Financial, a publicly traded company based in Columbus, Ohio,
provides a variety of financial services that help consumers invest(1) and
protect their long-term assets, and offers retirement plans and services
through both public- and private-sector employers.
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, which is ranked in the top 100 on the
Fortune 500 based on 2004 revenue(2). For more information, visit
http://www.nationwide.com.
(1) Nationwide Investment Services Corporation, member NASD. In MI only:
Nationwide Investment Svcs. Corporation.
(2) Fortune Magazine, April 2005.
Investor Relations contact:
Mark Barnett
614-677-5331
barnetj5@nationwide.com
Media contact:
Jeff Botti
614-249-6339
bottij@nationwide.com
SOURCE Nationwide Financial Services, Inc.
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Related links:
http://www.nationwide.com
Company News On-Call:
http://www.prnewswire.com/comp/607050.html
CONTACT:
Investor relations contact: Mark Barnett,
+1-614-677-5331, barnetj5@nationwide.com, or media contact: Jeff
Botti, +1-614-249-6339, bottij@nationwide.com
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