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NAB Announces Quotation of $1.75 Billion Covered Bonds

Story Highlights
  • NAB is a major financial institution offering banking and financial services.
  • NAB applied for quotation of $1.75 billion in covered bonds to strengthen its market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NAB Announces Quotation of $1.75 Billion Covered Bonds

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An announcement from National Australia Bank Limited ( (AU:NAB) ) is now available.

National Australia Bank Limited has announced the application for the quotation of U.S.$1.75 billion 4.370% Fixed Rate Covered Bonds due June 3, 2030. This move is part of the bank’s strategy to strengthen its financial position and enhance its market presence by offering secure investment opportunities to stakeholders.

The most recent analyst rating on (AU:NAB) stock is a Buy with a A$35.50 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.

More about National Australia Bank Limited

National Australia Bank Limited (NAB) is a major financial institution in Australia, primarily engaged in providing banking and financial services. The bank focuses on offering a wide range of products including personal banking, business banking, and wealth management services, catering to both individual and corporate clients.

Average Trading Volume: 4,354,883

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$116.7B

For detailed information about NAB stock, go to TipRanks’ Stock Analysis page.

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