NAB closes Australia's first retail tier-two transaction in three years
- Monday, 20 March 2017
National Australia Bank (NAB) completed Australia's first retail tier-two subordinated issue on 20 March. According to an announcement lodged with the Australian Securities Exchange (ASX), the offer was upsized to A$943.2 million (US$699.3 million) with pricing at the tight end of 220-230 basis points over bank bills indicative margin.
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