NAB readies 10NC5 tier-two deal

Tuesday, 28 February 2023

Updated

Disclosure type: mandate
Issuer name: National Australia Bank
Issuer rating: AA-/Aa3/A+
Expected issue rating: BBB+/Baa1/A-
Announcement date: 28 February 2023
Expected launch/pricing date: "in the near term, subject to market conditions".
Lead managers: NAB

Transaction type: tier-two subordinated transaction
Currency: AUD
Indicative volume: ND
Tenor/maturity date: 10NC5
Coupon type: FRN and/or FRN-to-fixed
Price guidance: ND