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National Australia Bank Limited ( (AU:NAB) ) has provided an update.
National Australia Bank has elected to redeem all of its NAB Capital Notes 3 (ASX: NABPF), a A$1.874 billion hybrid capital instrument issued in March 2019, on 17 June 2026 under the optional redemption terms. Each note will be redeemed for A$100 and cancelled following payment, and the bank emphasised that this decision does not signal any intention regarding future redemptions of other regulatory capital instruments.
Holders of NAB Capital Notes 3 are also scheduled to receive a final distribution of A$1.4438 per note on 17 June 2026, subject to the usual payment conditions in the terms. The redemption is being conducted automatically, with investors not required to take any action, simplifying the process for noteholders while marking a planned step in NAB’s capital management program.
The most recent analyst rating on (AU:NAB) stock is a Hold with a A$50.00 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 is one of Australia’s major financial institutions, operating in the banking and financial services industry with a focus on retail, business and institutional customers. The bank issues a range of debt and regulatory capital instruments, including listed hybrid securities such as NAB Capital Notes, to support its capital structure and funding needs.
Average Trading Volume: 3,810,064
Technical Sentiment Signal: Buy
Current Market Cap: A$144.5B
See more data about NAB stock on TipRanks’ Stock Analysis page.