NAB’s new hybrid closed early. Margin set at 4.95%

03 June 2016

 

NAB’s latest hybrid security offering has had its margin set at the lower end of the indicative range after the early close of a book-build process. The margin on NAB Capital Notes 2 has been set at 4.95% and, when added to the current 90 day bank bill swap rate (BBSW) of 2.00%, investors will receive an initial 6.95% pa, inclusive of franking credits. The actual amount of income investors...

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