NAB launches September 2023 FRN tap

Thursday, 01 November 2018

National Australia Bank (NAB) (AA-/Aa3/AA-) launched a self-led, minimum A$250 million (US$176.9 million) tap of its September 2023 domestic floating-rate note (FRN) on 1 November. Indicative price guidance for the forthcoming deal is 93 basis points over three-month bank bills, with pricing expected on the day of launch.