Published on 11/21/2023 in the Prospect News Investment Grade Daily.
New Issue: National Australia Bank prices $1.75 billion 5.134% notes due 2028
By Marisa Wong and Cristal Cody
Los Angeles, Nov. 21 – National Australia Bank Ltd. priced $1.75 billion of 5.134% covered notes due Nov. 28, 2028 at SOFR mid-swaps plus 98 basis points, or Treasuries plus 70.6 bps, on Monday, according to a market source.
National Australia Bank, BMO, Barclays, HSBC, RBC and TD are bookrunners for the Rule 144A and Regulation S offering.
The bank is based in Melbourne, Australia.
| Issuer: | National Australia Bank Ltd.
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| Amount: | $1.75 billion
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| Issue: | Covered notes
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| Maturity: | Nov. 28, 2028
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| Bookrunners: | National Australia Bank, BMO, Barclays, HSBC, RBC and TD
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| Coupon: | 5.134%
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| Spread: | SOFR mid-swaps plus 98 bps, or Treasuries plus 70.6 bps
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| Pricing date: | Nov. 20
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| Distribution: | Rule 144A and Regulation S
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