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National Australia Bank Limited ( (AU:NAB) ) has issued an update.
National Australia Bank Limited has announced the issuance of HKD 400,000,000 fixed rate reset subordinated notes due in July 2035 as part of its global medium term note programme. These notes are designed to convert into ordinary shares if deemed necessary by the Australian Prudential Regulation Authority, ensuring the bank’s viability. The issuance is not expected to materially impact NAB’s financial position, but it could increase shareholder equity if conversion occurs. The bank continues to fulfill its regulatory obligations, ensuring transparency and compliance with the Australian Securities & Investments Commission and ASX Listing Rules.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$34.80 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, operating in the banking and financial services industry. It offers a wide range of products and services including personal and business banking, wealth management, and investment services, with a focus on both domestic and international markets.
Average Trading Volume: 4,524,642
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$113.7B
Find detailed analytics on NAB stock on TipRanks’ Stock Analysis page.