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National Australia Bank Ltd. issued US$1 billion of mortgage-covered bonds due in December 2021, Fitch Ratings said Dec. 7.
The issuance is the 28th series of the bank's covered bonds offering. It brings the total outstanding issuance to A$22.4 billion.
The bonds have a 12-month extendable maturity.
As of Dec. 8, US$1 was equivalent to A$1.34.