The latest launch of a tier-one securities offer by an Australian major bank means three of the big four are in the market for hybrids at the same time – two domestically and one offshore. National Australia Bank (NAB) announced the latest domestic retail launch on May 31, disclosing plans to print an indicative A$750 million (US$538.7 million) of additional tier-one qualifying securities.

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KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
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