NAB on Aussie dollar streak

01 Aug 2012

National Australia Bank (NAB) capitalised on European and Asian investors’ liking for Australian bank names this year to price a A$200m ($131.4m) five year senior unsecured eurobond on Tuesday. The bank followed with a A$40m 6% 2022 self led bond the following day.

“We have seen strong popularity for Australian FIG borrowers this year,” said Chris Jones, global head of local currency syndicate at HSBC in London. “The only other high quality banks issuing in Australian dollars are the likes of Rabobank.”

NAB announced the 5% five year note at A$100m, but ...

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