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Fitch: National Australia Bank issues US$1B of mortgage-covered bonds

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.