NAB nets A$800 million in a dual-tranche tier-two domestic return [UPDATED]
- Friday, 09 September 2016
National Australia Bank (AA-/Aa2/AA-, with an expected issue rating of BB+/A3/A+) priced a new domestic tier-two deal on September 9. The bank was seeking a minimum of A$400 million (US$307.2 million) from the transaction at a target margin of 240-250 basis points over fixed- or floating-rate swap benchmark.
