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National Australia Bank sells $2.75 bln in 2 parts-IFR

Wed Jul 1, 2009 1:09pm EDT

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NEW YORK, July 1 (Reuters) - National Australia Bank (NAB.AX) on Wednesday sold $2.75 billion of government guaranteed notes in two parts, said IFR, a Thomson Reuters service.

The notes were sold in the rule 144a private placement market, according to IFR.

The issue included $1.75 billion of five-year floating-rate notes with a coupon rate of 50 basis points more than the three-month London interbank offered rate, and $1 billion of five-year fixed-rate notes priced to yield 92.4 basis points over U.S. Treasuries.

Deutsche Bank, Goldman Sachs and HSBC are the joint lead managers of the sale. (Reporting by Pam Niimi; Editing by James Dalgleish)



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