National Australia Bank to Redeem All NAB Capital Notes 3

MT Newswires Live

03/20

National Australia Bank (ASX:NAB) said it will redeem all outstanding NAB capital notes 3 (NCN3) at their AU$100 face value on June 17, in line with the NCN3 terms, according to a Friday Australian bourse filing.

The redemption notice has been filed with the Australian Securities Exchange, and NCN3 is expected to have its final trading day on June 3, per the filing.

The NCN3 holders as of June 5 will receive AU$100 per note, together with a final distribution of AU$1.4438 per note, in accordance with the NCN3 terms and their payment instructions, the filing added.

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