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National Australia Bank sells A$200 mln 5-year bond

Thu Apr 10, 2008 8:54pm EDT

Stocks

   
(For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)
 SYDNEY, April 11 (Reuters) - National Australia Bank
(NAB.AX) said on Friday it has sold A$200 million ($185
million) of five-year bonds at 122 basis points over swap.
 The deal details are as follows:
  Issuer:         National Australia Bank
  Facility:       Fixed rate notes
  Documentation:  Australian
  Amount issued:  A$200 million
  Maturity:       Aug. 14, 2013
  Set date:       April 11
  Coupon:         8.50%
  Yield:          8.56%
  Spread:         +122 bps over swap
  Issue price:    99.7410
  Lead(s):        National Australia Bank
  Issuer rating:  AA (S&P), Aa1 (Moody's), AA (Fitch)      
 ($1=A$1.08)
 (Reporting by Cecile Lefort) 



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