NEW ISSUE-NAB sells 90 bln yen in Samurai bonds

TOKYO, Feb 21 (Reuters) - National Australia Bank (NAB.AX: Quote, Profile, Research, Stock Buzz),
Australia's largest bank by assets, sold 90 billion yen ($833
million) of Samurai bonds on Thursday in three tranches, Nomura
Securities said.

Details were as follows:

1. Three-year fixed-rate bond:

Issue amount: 24.5 billion yen

Coupon: 1.70 percent

Issue price: par

Maturity date: Feb. 28, 2011

Coupon payments: Feb. 28, Aug. 28

Payment date: Feb. 28, 2008

Lead managers: Daiwa Securities SMBC

Nikko Citigroup Securities

Nomura Securities

Fiscal agent: Mizuho Corporate Bank

Ratings: AA (S&P)

Spread: LIBOR+70 basis points

2. Five-year fixed-rate bond:

Issue amount: 15.5 billion yen

Coupon: 1.99 percent

Issue price: par

Maturity date: Feb. 28, 2013

Coupon payments: Feb. 28, Aug. 28

Payment date: Feb. 28, 2008

Lead managers: Daiwa Securities SMBC

Nikko Citigroup Securities

Nomura Securities

Fiscal agent: Mizuho Corporate Bank

Ratings: AA (S&P)

Spread: LIBOR+80 basis points

3. Five-year floating-rate bond:

Issue amount: 50 billion yen

Coupon: 0.80 pct point above three-month yen LIBOR

Issue price: par

Maturity date: Feb. 28, 2013

Coupon payments: Feb. 28, May 28, Aug. 28, Nov. 28

Payment date: Feb. 28, 2008

Lead managers: Daiwa Securities SMBC

Nikko Citigroup Securities

Nomura Securities

Fiscal agent: Mizuho Corporate Bank

Ratings: AA (S&P)

Samurai bonds are yen-denominated bonds issued in Japan by
foreign entities.
($1=108.06 Yen)