Maple market nabs bumper Aussie tier two

By Frank Jackman
05 Dec 2019

National Australia Bank returned to the Canadian dollar market for the first time in over nine years this week to place the largest ever Maple callable tier two, and the first since global financial crisis.

The long-10 year C$1bn bond is callable once in June 2025 at par, subject to APRA approval. It pays a coupon of 3.515% and was priced at 197bp over the 2.25% June 2025 Canadian government bond.

Joint leads RBC Capital Markets and TD Securities ran the ...

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