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National Australia Bank Provides Capital Notes 3 Prospectus

11 Feb 2019  |  21:03:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: NAB Capital Notes 3 Prospectus

National Australia Bank provided Capital Notes 3 prospectus for the issue of the Bank's Capital Notes 3 to raise $750m, with the ability to raise more or less. The record date for determining Eligible Security holders is 7 February 2019. The opening and closing date of the offer is 19 February 2019 and 14 March 2019 respectively. The net proceeds of the Offer will be used for general corporate purposes. APRA has provided confirmation that the Bank's Capital Notes 3, once issued, will qualify as Additional Tier 1 Capital for the purposes of the Bank's regulatory capital requirements.

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