Edition:
United States

National Australia Bank Ltd (NABZY.PK)

NABZY.PK on OTC Markets Group

12.78USD
2:11pm EDT
Change (% chg)

$0.17 (+1.39%)
Prev Close
$12.61
Open
$12.83
Day's High
$12.83
Day's Low
$12.57
Volume
55,090
Avg. Vol
73,491
52-wk High
$12.83
52-wk Low
$8.79

Latest Key Developments (Source: Significant Developments)

National Australia Bank says offer of subordinated notes 2 completed
Sunday, 19 Mar 2017 08:58pm EDT 

National Australia Bank Ltd : Announces that offer of NAB subordinated notes 2 has been successfully completed . NAB subordinated notes 2 are expected to commence trading on asx on deferred settlement basis Tuesday 21 March 2017 .Issued 9.4 million NAB subordinated notes 2 at $100 each raising $943.2 million.  Full Article

National Australia Bank increases NAB subordinated notes 2 offer to $800 mln
Monday, 13 Feb 2017 03:07am EST 

National Australia Bank Ltd : Increases NAB subordinated notes 2 offer to $800 million and sets margin at 2.20% .Offer opens on Thursday 16 February 2017.  Full Article

National Australia Bank launches subordinated notes 2 offer
Tuesday, 7 Feb 2017 05:06pm EST 

National Australia Bank Ltd : NAB launches NAB subordinated notes 2 offer . Each nab subordinated note 2 will have a face value of $100 . Offer is expected to raise approximately $750 million . Once issued, NAB subordinated notes 2 will qualify as tier 2 capital for group . Each NAB subordinated note 2 will have an expected margin in range of 2.20 pct to 2.30 pct per annum over three month bank bill rate .NAB will use net proceeds of offer to refinance NAB subordinated notes issued by NAB on 18 June 2012.  Full Article

National Australia Bank says it will issue A$275 mln subordinated notes due Jan 19, 2032
Wednesday, 18 Jan 2017 09:57pm EST 

National Australia Bank Ltd : will today issue aud 275 million subordinated notes due 19 january 2032 .issue of subordinated notes by issuer will not have a material impact on issuer's financial position.  Full Article

National Australia Bank announces issue of JPY10 billion subordinated notes
Wednesday, 21 Dec 2016 12:44am EST 

National Australia Bank Ltd - : Issue of JPY10 billion subordinated notes . Will today issue JPY 10 billion subordinated notes due 2026 .Issue of subordinated notes by issuer will not have a material impact on issuer's financial position..  Full Article

National Australia Bank updates on outlook for australia
Wednesday, 26 Oct 2016 05:19pm EDT 

National Australia Bank Ltd : For Australia amidst a weak outlook for inflation, we expect two further rate cuts from the RBA in mid-2017 ."For Australia, credit growth is forecast to remain solid".  Full Article

National Australia Bank FY net interest income $12.93 bln
Wednesday, 26 Oct 2016 05:19pm EDT 

National Australia Bank Ltd :Fy net interest income $12.93 billion versus $12.50 billion.  Full Article

National Australia Bank completes sale of 80 pct of Life Insurance business
Sunday, 2 Oct 2016 08:49pm EDT 

National Australia Bank Ltd : Announced completion of sale of 80% of its life insurance business to Nippon Life Insurance Company (Nippon Life) for $2.4 billion . Goodwill for wealth business is expected to reduce by approximately $1.6 - $1.7 billion . Also committed investment of at least $300 million over next 4 years in superannuation, platform, advice & asset management business . Peter Grey has been appointed chairman of MLC Ltd . Commencing a long term partnership with Nippon Life . Partnership includes 20 year distribution agreement to provide life insurance products through nab's owned and aligned networks . Transaction has resulted in a loss on sale, which is expected to be approximately $1.2 - $1.3 billion .For cash earnings, in fy16 results, 80% of earnings for MLC Life Insurance will be treated as discontinued operations outside of cash earnings.  Full Article

National Australia Bank says Bob Melrose permanently appointed Executive General Manager, Retail Banking
Wednesday, 31 Aug 2016 06:35pm EDT 

National Australia Bank Ltd : Update on executive appointments . Matt Lawrance has been appointed to acting Chief Technology & Operations Officer .Bob Melrose has been permanently appointed Executive General Manager, Retail Banking.  Full Article

National Australia Bank responds to BBSW U.S class action
Wednesday, 17 Aug 2016 11:47pm EDT 

National Australia Bank Ltd : NAB responds to BBSW U.S class action . Notes that a class action has commenced in the United States in relation to trading in the bank bill swap rate . Action names number of defendants, including NAB, and references proceedings brought by ASIC in relation to BBSW . "As we have stated previously, NAB does not agree with the claims by ASIC in relation to bbsw" .  Full Article

More From Around the Web

RPT-National Australia Bank sells rare A$500 million gender equality bond

SYDNEY, March 17 National Australia Bank (NAB), the country's fourth-largest lender by market value, said on Friday it sold A$500 million ($384 million) of "gender equality" social bonds, amid burgeoning demand for ethical investments.