A memo discussing the potential investment in Nationwide (UK Building Society) 6.875% perpetual bonds, which yield 6.4% in GBP and are likely to be called in 5 years. The memo compares these bonds to BBVA's bonds and suggests scaling £2mm at 6.5% and £2mm at 6.75%.
doj/DataSet10/EFTA01447143.pdf
{"key_people":["Nav Gupta"],"document_date":"2014-04-14","document_type":"correspondence","key_locations":["London"],"document_subtype":"memo","key_organizations":["Nationwide Building Society","Deutsche Bank AG","Deutsche Asset & Wealth Management"],"reference_numbers":["XS1043181269"]}