National Australia Bank Redeems Entire NABPF Capital Note Issue
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National Australia Bank Limited ( (AU:NAB) ) has provided an announcement.
National Australia Bank Limited has redeemed all 18,740,582 of its NABPF Capital Notes, a listed perpetual, non-cumulative, floating-rate debt security paying BBSW plus a 4.00% margin. The cessation of these quoted notes reflects a repayment or redemption of this specific capital instrument, signalling an adjustment in the bank’s funding and capital structure that may streamline its listed debt profile and potentially alter its mix of regulatory capital instruments over time.
The most recent analyst rating on (AU:NAB) stock is a Hold
with a A$36.75 price target.
To see the full list of analyst forecasts on National Australia Bank Limited stock,
see the AU:NAB Stock Forecast page.
More about National Australia Bank Limited
National Australia Bank Limited is a major Australian financial institution operating in the banking and financial services industry. Listed on the ASX under the code NAB, it provides a broad range of banking products, funding instruments and capital market securities to retail, business and institutional customers in Australia and internationally.
Average Trading Volume: 6,333,141
Technical Sentiment Signal: Buy
Current Market Cap: A$111.7B
For detailed information about NAB stock, go to TipRanks’ Stock Analysis page.
