National Australia Bank (NAB) (AA-/Aa2/AA-) revealed on September 6 that plans to hold an investor update call on September 7, ahead of a potential Australian dollar tier-two transaction. According to KangaNews data, NAB last issued a domestic tier-two in March 2015. This A$1.1 billion (US$840 million), 10-year non-call five maturity issue priced at 185 basis points over bank bills and, according to Yieldbroker ratesheets, was indicated at 195 basis points over bank bills at the close on September 5.