Three years suits NAB as it prints A$1.5 billion
- Thursday, 25 March 2010
National Australia Bank (NAB) (AA/Aa1/AA) says it has been sufficiently successful in its terming-out drive that it was happy to meet investor demand for a three-year deal in its March 25 domestic benchmark. NAB sold a total of A$1.5 billion (US$1.4 billion) of April 2013 fixed and floating rate paper in a self-led deal that priced at 77 basis points over semi-quarterly swap and bank bill swap rate.
