NAB 4.150% 19May2028 Corp (SGD)

Bond Factsheet

Matured/ Called

National Australia Bank Limited

Indicative

Full Lot

Bid Price

100.000

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.050

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 28 Jul 2023, 12:00am

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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

12 May 2016

Issue Date

19 May 2016

Maturity Date

19 May 2028

Years to Maturity / Next Call

1.617 / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.150

Coupon Type

Variable

Annual Coupon Rate

4.150

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Subordinated

Reference Rate

Reset Rate: 5Y SGD SOR + Margin (203bps)
Reset Date: 19 May 2023

ISIN

XS1416409503

CUSIP

LW1085742

Bond Currency

SGD

Total Issue Size

450,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ A+

Bond Credit Rating (S&P/ Fitch)

***/ A-

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

Tier 2

Conversion: If a Non-Viability Trigger Event occurs, NAB must immediately convert some or all of the principal amount of the Subordinated Notes subject to, and in accordance with, the Conditions.

Non-Viability Trigger Event: A Non-Viability Trigger Event occurs when APRA has provided a written determination (Non-Viability Determination) to NAB that: (a) the conversion or write-off of Relevant Capital Instruments of NAB is necessary because without the conversion or write-off, APRA considers that NAB would become non-viable; or (b) without a public sector injection of capital into, or equivalent capital support with respect to, NAB, APRA considers that NAB would become non-viable.

Issuer Call

One time Call, in whole and not in part Call Date: 19 May 2023 @ par

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