trending Market Intelligence /marketintelligence/en/news-insights/trending/bCI2-ypwgFgTDQGOkFiW0g2 content esgSubNav
In This List

National Australia Bank issues A$275M of notes

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


National Australia Bank issues A$275M of notes

National Australia Bank Ltd. issued A$275 million of subordinated notes.

The notes have an issue price of 99.807% of the aggregate nominal and an annual interest rate of 5% until its reset date on Jan. 19, 2027.

The notes convert into fully paid ordinary shares of the bank if the lender becomes nonviable.

The notes will mature Jan. 19, 2032, with an optional redemption date on Jan. 19, 2027.

As of Jan. 18, US$1 was equivalent to A$1.32.