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National Australia Bank Limited ( (AU:NAB) ) has issued an update.
National Australia Bank Limited has announced the issuance of A$1.75 billion in subordinated medium-term notes as part of its domestic Debt Issuance Programme. The notes, which are due in November 2035, include both fixed-to-floating rate and floating rate options and are convertible into ordinary shares if deemed necessary by the Australian Prudential Regulation Authority. This move is designed to bolster the bank’s capital structure without materially impacting its financial position, providing flexibility and resilience in its operations.
The most recent analyst rating on (AU:NAB) stock is a Hold with a A$40.00 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 (NAB) is a prominent financial institution in Australia, primarily engaged in providing a wide range of banking and financial services. The bank focuses on serving both individual and corporate clients, offering products such as loans, credit, and investment services, with a significant presence in the Australian financial market.
Average Trading Volume: 4,552,898
Technical Sentiment Signal: Buy
Current Market Cap: A$130.3B
For a thorough assessment of NAB stock, go to TipRanks’ Stock Analysis page.