National Australia Bank Limited
Indicative
Full Lot
Indicative price as of 01 Oct 2026, 3:50pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
National Australia Bank Limited
Guarantor
-
Announcement Date
29 Jul 2019
Issue Date
02 Aug 2019
Maturity Date
02 Aug 2034
Years to Maturity / Next Call
7.839 / 2.836
Modified Duration
6.442 @ 01 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.933
Coupon Type
Variable
Annual Coupon Rate
3.933
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
Reset Date: 02 Aug 2029
Reset Rate: Prevailing 5-Year USD Treasury Rate + 1.880%
ISIN
USG6S94TAB96
CUSIP
AZ8505663
Bond Currency
USD
Total Issue Size
1,500,000,000
Min. Investment Quantity (Nominal)
USD 250,000
Incremental Quantity (Nominal)
USD 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
No
Exchange Listed
Others
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 support with respect to, NAB, APRA considers that NAB would become non-viable.
Written-Off means, with respect to a nominal amount of Subordinated Notes, the rights of the Noteholder in relation to such nominal amount of Subordinated Notes are written-off and immediately and irrevocably terminated (and Write-Off when used herein has a corresponding meaning).
Subject to Condition 10A.10 where "Write-Off - Applicable" is specified in the applicable Final Terms applying to Subordinated Notes, but notwithstanding any other provision in these Conditions, on the Conversion Date, in respect of a Subordinated Note, the relevant nominal amount (as determined under Condition 10A.2) of that Subordinated Note will convert immediately and irrevocably into Ordinary Shares (in a number determined under clause 1.1(a) of the Schedule to these Conditions) and where only a portion of a Subordinated Note is converted, the nominal amount of that Subordinated Note shall be reduced by the amount converted accordingly. The conversion will occur in accordance with the terms set out in the Schedule to these Conditions (the Conversion and Convert, Converted and Converting when used herein have corresponding meanings).
Cash Flow Information