National Australia Bank’s latest hybrid issuance had gathered $1.45 billion in bids by 8am Tuesday morning.
National Australia Bank’s latest hybrid issuance had gathered $1.45 billion in bids by 8am Tuesday morning, as investor demand outstripped the $1 billion expected deal size at launch.Natalie Boog
A book message sent to investors on Tuesday said the $1.45 billion in indicative bids for NAB Capital Notes 7 was at 2.8 per cent margin above the three-month bank bill swap rate. That’s at the lower end of the 2.8 per cent to 3 per cent spread from the initial guidance.The joint lead manager roster included NAB, ANZ, Bell Potter, CBA, Morgan Stanley, Morgans, Ord Minnett, ShawPartners, UBS and Westpac. There were two co-managers JBWere and LGT Crestone Wealth Management.
has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labor ‘firmly believes’ acquisition of nuclear subs is in Australia’s national interestDefence Industry Minister Pat Conroy says Labor firmly believes the acquisition of nuclear-powered submarines is in Australia’s national interest. “It will create 20,000 secure high-tech jobs, it’ll be the most advanced manufacturing in the world, it will contribute to our defence capability,” Mr Conroy told Sky News Australia.
Read more »
Qld speeding crackdown nabs more low-level leadfootsMore Queenslanders are being fined for driving less than 10km/h over the limit, with one expert saying a lot of people consider low-level speeding acceptable.
Read more »
Can a Sydney national park on a spectacular seaside clifftop and a rifle range coexist?Friends of Malabar Headland say without the rifle range developers would come for the prime real estate and ‘you wouldn’t have a national park at all’
Read more »
Michael Parkinson was a radical anti-racist as well as a national treasureHe and John Arlott led the press campaign against the sordid deal to exclude Basil D’Oliveira from playing for England in South Africa
Read more »
The Labor Party's National Conference concludes in BrisbaneThe Labor Party's National Conference has concluded with a rallying call to enshrine an Indigenous Voice to Parliament in Australia's constitution. The Prime Minister told members it's their responsibility to win the referendum, as Labor looks to win the next election.
Read more »
ALP national conference had a quid pro quo to ‘double down’ on objection to nuclear powerThe Australian’s Lead Writer Graham Lloyd says the ALP national conference had a quid pro quo for the political party to “double down” on its objection to nuclear power in the future. “It’s been a really good demonstration of the difference between a protest party and having the responsibility government,” he told Sky News Austraila. “That’s being reflected in the way a number of contentious issues were held off the agenda and the AUKUS deal was put through. “There were some sort of quid pro quos there, one of them was to double down on an objection to nuclear power in the future.”
Read more »