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GC Asia
NAB sets guidance on route to LT2 reopener
National Australia Bank (NAB) is well on track to reopen the lower tier two market later on Tuesday having gathered over Eu2bn of orders for its planned deal and set guidance at a level that was welcomed by syndicate bankers away from the trade.
Lead managers Credit Suisse, Deutsche Bank, JPMorgan and NAB have set official guidance at 135bp area over mid-swaps for the bullet 10 year issue.
It is the second attempt by an issuer this year to launch a capital trade. Last week, La Caixa pulled its planned lower tier ...Already a subscriber? Login
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Latest news from FIG
-
Science-based targets could help banks wrestling with climate risk
22 Oct 2020 -
UK moves early to dispel fears about bank capital buffers
22 Oct 2020 -
A friendlier face for UK bank supervision
22 Oct 2020 -
La Banque Postale EUR500m 0.875% Jan 31 10.25NC5.25 tier two
22 Oct 2020 -
UnipolSai EUR500m 6.375% PNC10 RT1
22 Oct 2020
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