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NAB announces potential 12NC7 tier-two domestic benchmark deal

Thursday, 07 November 2019

On 7 November, National Australia Bank (NAB) (AA-/Aa3/AA-) revealed plans for a potential 12-year non-call seven-year (12NC7), tier-two, Australian dollar denominated benchmark transaction, offered in either or both fixed- and floating-rate format. The notes are expected to be rated BBB+/Baa1/A+.

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