More signs of stability with NAB's A$1.5 billion 2014
- Wednesday, 09 September 2009
National Australia Bank (NAB)'s (AA/Aa1/AA) first unguaranteed five-year domestic transaction of 2009 gave another sign that margins in the Australian market are stabilising, with the issuer pricing a total of A$1.5 billion (US$1.29 billion) at 96 basis points over swap and bank bill swap rate (BBSW) in a self-led transaction on September 9.
