Bond Factsheet
NBNAUS 5.850% 19Mar2036 Qsov (AUD)
NBN Co Limited
Indicative
Full Lot
Bid Price 98.424
Change in Bid Price 0.136
Bid Yield (%) 6.072 %
Change in Bid Yield 0.019
Ask Price 98.891
Change in Ask Price 0.136
Ask Yield (%) 6.005 %
Change in Ask Yield 0.020
Indicative price as of 06 Nov 2026, 4:03pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
NBN Co Limited
Guarantor
-
Announcement Date
12 Mar 2026
Issue Date
19 Mar 2026
Maturity Date
19 Mar 2036
Years to Maturity / Next Call
9.370 / 9.120
Modified Duration
7.052 @ 06 Nov 2026
Issue / Reoffer Price
99.746
Issue / Reoffer Yield
5.884
Coupon Type
Fixed
Annual Coupon Rate
5.850
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
AU3CB0332807
CUSIP
DF9522122
Bond Currency
AUD
Total Issue Size
850,000,000
Min. Investment Quantity (Nominal)
AUD 10,000
Incremental Quantity (Nominal)
AUD 10,000
Bond Type
Quasi-Sovereign
Bond Sector
Telecommunication Services
Bond Sub Sector
Wireless Telecommunication Services
Issuer Credit Rating (S&P/ Fitch)
***/ AA+
Bond Credit Rating (S&P/ Fitch)
***/ AA+
Shariah Compliant
No
Exchange Listed
No
Issuer Call
If Issuer Call is specified as being applicable in the applicable Pricing Supplement, the Issuer may, having given not less than 15 days’ nor more than 30 days’ notice to the Noteholders in accordance with Condition 12 (or such other maximum and minimum notice period as may be specified in the applicable Pricing Supplement), which notice shall be irrevocable and shall specify the date fixed for redemption, redeem all or some only of the Notes then outstanding on any Optional Redemption Date and at the Optional Redemption Amount(s) specified in, or determined in the manner specified in, the applicable Pricing Supplement together, if appropriate, with interest accrued to (but excluding) the relevant Optional Redemption Date. Any such redemption must be of a nominal amount not less than the Minimum Redemption Amount and not more than the Maximum Redemption Amount, in each case as may be specified in the applicable Pricing Supplement.
Optional Redemption Date: 19 Dec 2035
Change Control Put
(a) If:
(i) a Change of Control Trigger Event is specified in the applicable Pricing Supplement; and
(ii) a Change of Control Trigger Event occurs; and
(iii) the Issuer has not exercised its right to redeem the Notes as described in this Condition 7.5,
each Noteholder will have the right to require the Issuer to redeem all or a portion of that Noteholder’s Notes at an amount (the Change of Control Redemption Amount) specified in the applicable Pricing Supplement together with accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Noteholders on the relevant Record Date to receive interest due on the relevant Interest Payment Date (the Change of Control Redemption Right).
A Change of Control Trigger Event occurs if, on the first date of the period (the Trigger Period) commencing upon, the earlier of:
(i) the occurrence of a Change of Control; and
(ii) the date of the first public announcement of any Change of Control (or pending Change of Control),
and ending 90 days following the occurrence of that Change of Control (as such Trigger Period may be extended, as provided for below):
(A) the Notes carry an Investment Grade Rating from any Rating Agency and each such rating is, within the Trigger Period, either downgraded to below an Investment Grade Rating or withdrawn and is not, within the Trigger Period, subsequently (in the case of a downgrade) upgraded to an Investment Grade Rating by such Rating Agency or replaced by an Investment Grade Rating of another Rating Agency; and
(B) in making any decision to withdraw or downgrade such rating pursuant to paragraph (A) above, each relevant Rating Agency has expressly stated that such decision was as a result of the occurrence of that Change of Control (or pending Change of Control).
Where any Rating Agency has publicly announced that it is considering a possible ratings change in respect of the Notes within the period ending 90 days following the occurrence of a Change of Control, the Trigger Period will be extended for a period of not more than 60 days after the date of such public announcement.
Notwithstanding the foregoing, no Change of Control Trigger Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually occurred.
Change of Control means the Commonwealth of Australia ceases to “control” (as defined for the purposes of section 50AA of the Corporations Act) the Issuer.
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.
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