NAB taking indications of interest for wholesale AT1 deal

National Australia Bank (NAB) (AA-/Aa3/AA-) is now taking indications of interest for its perpetual non-call five-year, wholesale, additional tier-one (AT1) capital, Australian dollar denominated transaction, announced earlier in the day on 8 July. Initial price guidance for the deal is 400-410 basis points area over three-month bank bills.