NAB 5.774% 30Jul2040 Corp (AUD)

Bond Factsheet

National Australia Bank Limited

Indicative

Full Lot

Bid Price

93.098

Change in Bid Price

0.496

Bid Yield (%)

6.720 %

Change in Bid Yield

remove 0.059

Ask Price

93.433

Change in Ask Price

0.582

Ask Yield (%)

6.681 %

Change in Ask Yield

remove 0.069

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

22 Jul 2025

Issue Date

30 Jul 2025

Maturity Date

30 Jul 2040

Years to Maturity / Next Call

13.826 / 8.821

Modified Duration

9.092 @ 02 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.774

Coupon Type

Variable

Annual Coupon Rate

5.774

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Tier 2

Reference Rate

Reset Date: 30 July 2035 and every quarterly thereafter
Reset Rate: ASX Australian Bank Bill Short Term Rates 3 Month Mid+ Initial Margin (1.700%)

ISIN

AU3CB0324226

CUSIP

YM6056837

Bond Currency

AUD

Total Issue Size

1,500,000,000

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

Others

Bond Feature(s)

Loss Absorption

Bail-in

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 July 2035 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

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.

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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