NAB downsizes bond issue in attempt to assuage investor ire
- Wednesday, 30 July 2008
National Australia Bank (AA/Aa1/AA) (NAB) has followed its July 25 announcement of a A$830 million (US$795.14 million) writedown of its investments in US residential mortgages with a downsizing of the 2011 bond deal it priced on July 22, from A$850 million to A$260 million.
