NAB takes A$1.35 billion in first five-year big four domestic deal since June [UPDATED]

On October 29, National Australia Bank (NAB) (AA/Aa1/AA) priced a new A$1.35 billion (US$1.32 billion) five-year fixed and floating rate domestic deal in the first domestic benchmark of that duration issued by a big four bank since June. The fixed rate tranche has a volume of A$550 million and priced at 167.5 basis points over the April 2015 ACGB, and the A$800 million floating rate tranche priced at 120 basis points over bank bill swap rate (BBSW).