trending Market Intelligence /marketintelligence/en/news-insights/trending/0OWFAQbjkzX7Ngsmn7lTdw2 content esgSubNav
In This List

National Australia Bank issues ¥10B worth of subordinated notes

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Podcast

Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


National Australia Bank issues ¥10B worth of subordinated notes

National Australia Bank Ltd. issued ¥10 billion worth of subordinated notes under its US$100 billion global medium-term note program.

The subordinated notes are due Dec. 21, 2026, the bank said in a statement. The notes will carry an annual interest rate of 0.85% until Dec. 21, 2021. The interest rate will then be reset to six-month Japanese yen LIBOR plus 0.75625% per year.

The notes will pay interest June 21 and Dec. 21 of each year, beginning June 21, 2017.

The bank may elect to redeem the notes Dec. 21, 2021.

As of Dec. 20, US$1 was equivalent to ¥118.05.