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National Australia Bank Limited ( (AU:NAB) ) has provided an update.
National Australia Bank Limited has announced the issuance of A$1.5 billion in subordinated medium-term notes due in July 2040, as part of its domestic Debt Issuance Programme. These notes are structured to convert into ordinary shares if deemed necessary by the Australian Prudential Regulation Authority to prevent the bank from becoming non-viable. This issuance is not expected to materially impact the bank’s financial position, but it will increase shareholders’ equity if conversion occurs. The notes are not available for sale in the United States, and the issuance is designed to comply with Australian regulatory requirements.
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 is a major financial services provider in Australia, offering a wide range of banking and financial products and services. The company is focused on serving both individual and business clients, with a strong presence in the domestic market.
Average Trading Volume: 4,414,566
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$115.3B
See more insights into NAB stock on TipRanks’ Stock Analysis page.