NAB 6.342% 06Jun2039 Corp (AUD)

Bond Factsheet

National Australia Bank Limited

Indicative

Full Lot

Bid Price

97.937

Change in Bid Price

0.387

Bid Yield (%)

6.681 %

Change in Bid Yield

remove 0.064

Ask Price

98.230

Change in Ask Price

0.389

Ask Yield (%)

6.632 %

Change in Ask Yield

remove 0.065

Indicative price as of 02 Oct 2026, 4:33pm

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Bond Information

National Australia Bank Limited (NAB) provides banking and financial solutions. The Company offers internet banking, saving accounts, insurance, credit cards, home loans, and personal finance services. NAB serves customers worldwide.

Bond Issuer

National Australia Bank Limited

Guarantor

Announcement Date

28 May 2024

Issue Date

06 Jun 2024

Maturity Date

06 Jun 2039

Years to Maturity / Next Call

12.681 / 7.678

Modified Duration

8.367 @ 02 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.342

Coupon Type

Variable

Annual Coupon Rate

6.342

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Tier 2

Reference Rate

Reset date: 06 June 2034 and every quarter thereafter
Reset Rate: 3month BBSW+ Margin (2.000%)

ISIN

AU3CB0310175

CUSIP

YX3548840

Bond Currency

AUD

Total Issue Size

1,250,000,000

Min. Investment Quantity (Nominal)

AUD 1,000

Incremental Quantity (Nominal)

AUD 1,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ AA-

Bond Credit Rating (S&P/ Fitch)

***/ A-

Shariah Compliant

Exchange Listed

Bond Feature(s)

Loss Absorption

Tier 2

Non-Viability Trigger Event

A Non-Viability Trigger Event occurs when APRA has provided a written determination to the Issuer that:

(a) the conversion or write-off of Relevant Capital Instruments of the Issuer is necessary because without the conversion or write-off, APRA considers that the Issuer would become non-viable; or

(b) without a public sector injection of capital into, or equivalent capital support with respect to, the Issuer, APRA considers that the Issuer would become non-viable

Conversion Following a Non-Viability Trigger Event

If a Non-Viability Trigger Event occurs, the primary method of loss absorption is Conversion. Upon a Non-Viability Trigger Event occurring, the Issuer will be required to immediately Convert all or, in some cases a proportion of the Subordinated MTNs into Ordinary Shares. If for any reason Conversion is not effected within five Business Days, Subordinated MTNs will be Written-Off and Holders’ rights, including any rights to payments of interest and principal, will be immediately and irrevocably terminated and written off with effect on and from the Conversion Date

Issuer Call

The Interest Payment Date falling in or nearest to June 2034 and each Interest Payment Date thereafter up to but excluding the Maturity Date. Early redemption of Subordinated MTNs is subject to the prior written approval of APRA and to further requirements with respect to regulatory capital replacement (subject to income sustainability) or regulatory confirmation of the Issuer’s capital position.

Holders of Subordinated MTNs should not expect that APRA’s approval will be given for any early redemption of Subordinated MTNs.

The first Issuer Call date shall not be less than 5 years from the Issue Date.

First Call Date: 06 June 2034

Additional Note

Early Redemption for tax and regulatory reasons:

Subject to the prior written approval of APRA, the Subordinated MTNs may be redeemed before the Maturity Date for certain tax and regulatory reasons at par plus accrued interest. Holders should not expect that APRA’s approval will be given for any early redemption of Subordinated MTNs. Holders have no right to request redemption before the Maturity date.

For the purpose of this Condition 12.4 (“Early redemption of Subordinated MTNs for regulatory reasons”), “Regulatory Event” means a determination by the Directors of the Issuer, having received:

(i) an opinion from a reputable legal counsel that, as a result of any amendment to, clarification of or change (including any announcement of any change that will be introduced) in any law or regulation of the Commonwealth of Australia or any political subdivision thereof or any authority thereof or therein, or any official administrative pronouncement or action or judicial decision interpreting such laws or regulations, or any direction, order, standard, requirement, guideline or statement of APRA (whether or not having the force of law), in each case which amendment, clarification or change is effective, or pronouncement, action or decision is approved, after the Issue Date; or

(ii) a written statement from APRA after the Issue Date,

that the Issuer is not or will not be entitled to treat all of the Subordinated MTNs as Tier 2 Capital, which event the Issuer did not expect as at the Issue Date of that Subordinated MTN (including where Subordinated MTNs are issued as a Tranche consolidated with an existing Series, as at the date of issue of that Tranche).

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

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