ASX:NABBanks
Will NAB’s Billion-Dollar 2037 Bond Issue Amid Soft Data Change National Australia Bank's (ASX:NAB) Narrative
In early June, National Australia Bank Limited completed a US$1.00 billion fixed-to-floating rate Eurobond offering of non-convertible notes due June 4, 2037, issued at 100% of principal under Regulation S and Rule 144A.
This funding move came as NAB’s own surveys showed business confidence lifting from very weak levels and cost pressures easing, even while overall sentiment and activity data still pointed to a softening Australian economy.
We’ll now explore how NAB’s billion-dollar bond...