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The latest announcement is out from National Australia Bank Limited ( (AU:NAB) ).
National Australia Bank Limited has announced the issuance of CHF225,000,000 fixed rate reset subordinated notes due in September 2035 as part of its global medium term note programme. These notes are designed to convert into fully paid ordinary shares if deemed necessary by the Australian Prudential Regulation Authority to prevent the bank from becoming non-viable. The issuance is not expected to materially impact the bank’s financial position but could increase shareholders’ equity if conversion occurs.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$42.50 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 is a major financial institution in Australia, operating within the banking and financial services industry. It offers a wide range of services including personal banking, business banking, and wealth management, focusing on both domestic and international markets.
Average Trading Volume: 4,121,384
Technical Sentiment Signal: Buy
Current Market Cap: A$130.7B
For detailed information about NAB stock, go to TipRanks’ Stock Analysis page.