YieldReport has referred to the preference of corporates to issue FRNs in several articles recently, the most recent being an issue by Bendigo & Adelaide Bank. Now National Australia Bank has announced it will be issuing a new benchmark 5 year FRN. The last time it issued a bond of this type was in late October when it sold $2.1 billion worth at 3m BBSW + 108bps. This time around...