NAB prices new A$1 billion FRN [UPDATED]

National Australia Bank (NAB) (AA-/Aa2/AA-) priced its fourth domestic benchmark transaction of 2012 on August 23, in the form of a new line of floating rate notes due March 4 2016. NAB most recently visited the domestic public market in June this year when it topped up a February 2017 dual tranche domestic bond by A$1.5 billion (US$1.6 billion), at 165 basis points over swap. NAB is the sole lead for the new deal.