On 15 February, National Australia Bank (NAB) revealed after a bookbuild that its additional tier-one (AT1) capital deal, NAB Capital Notes 3, will increase to at least A$1.65 billion (US$1.2 billion) having launched at A$750 million. Furthermore, the margin has been set at 400 basis points over three-month bank bills, the low end of the indicative range.
