NAB prints A$1.25 billion in a new one-year domestic FRN [UPDATED]
- Wednesday, 07 September 2016
National Australia Bank (NAB) (AA-/Aa2/AA-) launched and priced a self-led, one-year, senior-unsecured domestic deal on September 7. The transaction priced in line with initial guidance of 43 basis points area over three-month bank bill swap rate (BBSW). NAB is the third major-bank issuer to issue a public one-year maturity deal in the Australian market since July.
