• Most Popular
  • Most Shared

Australia's NAB adds A$310 mln to May 2013 notes

Thu Jun 5, 2008 8:16pm 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, June 6 (Reuters) - National Australia Bank (NAB.AX)
(NAB), Australia's top lender by assets, said it has added
A$310 million ($298 million) to its bond issue due May 2013 and
has priced the increase at 104 basis points over BBSW.
  The deal details are as follows:
  Issuer:         NAB
  Facility:       Floating rate notes
  Documentation:  Australian
  Amount issued:  A$310 million
  Total on issue: A$810 million
  Maturity:       May 20, 2013
  Set date:       June 6
  Coupon:         +108 bps over BBSW
  Yield:          +104 bps over BBSW
  Margin:         +104 bps over BBSW
  Issue price:    100.151
  Lead(s):        NAB
  Issuer rating:  AA (S&P), Aa1 (Moody's)
 ($1=A$1.04)
 (Reporting by Cecile Lefort) 



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article