National Australia Bank back in euros, twice as long but at half the cost

07 Dec 2012

National Australia Bank has returned to the euro market with a covered bond that is twice as long as its previous euro financing but at less than half the cost.

After Australia and New Zealand Banking Group and Commonwealth Bank of Australia issued 10 year euro benchmarks respectively in January and April this year, NAB has stepped in with its second euro denominated benchmark funding exercise of the year, and the first euro denominated Australian covered bond since ...

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