Full pricing details on NAB's offshore-targeted Australian dollar tier-two

National Australia Bank (NAB) printed A$275 million (US$204.7 million) in a new Australian dollar tier-two deal on January 12. Final pricing came in 10 basis points tighter against initial guidance of 230 basis points over semi-quarterly swap. The 15-year non-call 10 transaction was issued off NAB's GMTN programme and was targeted at offshore investors.