National Australia Bank (ASX:NAB) issued AU$1.5 billion subordinated callable fixed-to-floating rate medium term notes due July 2040 on Wednesday, according to a same-day filing with the Australian bourse.
The notes carry an interest rate of 5.774% per annum during the fixed rate period, for each July 30 and Jan. 30, up to and including July 30, 2035.
The interest rate during the floating rate period will be the aggregate of the bank bill swap rate and the margin of 1.7% per annum. The floating rate period begins on July 30, 2035.
The maturity date is July 30, 2040.
The notes convert into fully paid ordinary shares of the bank, where the Australian Prudential Regulation Authority determines this to be necessary as the bank would otherwise become nonviable.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。