NAB launches five-year domestic benchmark deal

On 12 June, National Australia Bank (NAB) (AA-/Aa3/AA-) launched a new self-led, five-year, benchmark senior-unsecured domestic deal. The forthcoming transaction will come in either or both fixed- and floating-rate formats, and has indicative price guidance of 95 basis points area over swap benchmarks. Pricing is expected on the day of launch.