NAB makes covered bond debut via private placement
- Thursday, 22 December 2011
National Australia Bank (NAB) (Aa2) has become the third Australian major bank to price its inaugural covered bond transaction, issuing NOK2 billion (US$339.1 million) as part of a private placement to a small group of Norwegian investors. The issuer reveals the 10-year fixed rate deal was completed in response to reverse enquiry.
