Nab perpetual floating rate notes

NIS offer a floating distribution rate, payable quarterly in arrears. The distribution rate Note: the above information is not financial or tax advice. Please consult  Floating Rate Notes 73.000, 80.000, 80.000, 1.910%, Perpetual, 4, 14/05/2020, 01/06/2020 NABHA - NATIONAL AUSTRALIA BANK LIMITED.

NIS offer a floating distribution rate, payable quarterly in arrears. The distribution rate will vary every quarter at the defined market rate plus 1.25% per annum. The defined market rate is the 90 Day Bank Bill Rate. A feature of the NIS is that they have no maturity date and will not be repayable by NAB. NAB Capital Notes 2 are convertible notes directly issued by NAB on 7 July 2016 and listed on the ASX under the code NABPD. The issue price for NAB Capital Notes 2 is $100 per NAB Capital Note 2. They're not guaranteed or secured and are not a deposit account or any other account of NAB. Floating rate interest, if any. No. No. Term Deposits. Yes. Typically between 1 month and 5 years. No. Fixed rate interest. No. No. Senior Debt. No. Typically between 1 month and 10 years. Terms may permit early repayment at the option of the Bank (or the investor) Generally fixed or floating rate interest. Generally, no. No. Tier 2 Notes. No Prices Interest Rate Security Prices Bonds. Floating Rate Notes . Please note: The 'Yield' shown in the table below, is incorrect if the bond has an 'XI' indicated in the 'Status' column. NABHA * - NATIONAL AUSTRALIA BANK LIMITED 82.000 84.000 82.600 2.157% Perpetual 4 29/04/2020 15/05/2020 PPCHB - PEET LIMITED In accordance with the Terms of the NAB Subordinated Notes (the NSN Terms ), NAB had the right to elect to redeem all or some of the NAB Subordinated Notes on 19 June 2017 or on any Interest Payment Date falling after that date. NAB was able to do so with at least 30 days’ (and no more than 60 days’)

Floating-Rate Note - FRN: A floating rate note, also known as a floater or FRN, is a debt instrument with a variable interest rate . A floating rate note’s interest rate, since it is not fixed

Floating Rate Notes 73.000, 80.000, 80.000, 1.910%, Perpetual, 4, 14/05/2020, 01/06/2020 NABHA - NATIONAL AUSTRALIA BANK LIMITED. Feb 24, 2020 NABPE NAB Subordinated Notes 2. 20 Sep 23 Perpetual. Tier 1 Capital Many hybrid securities however are floating rate and adjust. Feb 11, 2019 as perpetual, subordinated, unsecured, convertible notes. Distributions are expected to be discretionary, non-cumulative, floating rate, fully  Jun 2, 2016 Don't get sucked into Westpac Capital Notes 4 and NAB Capital Notes 2. and NAB (ASX: NAB) are offering above the bank bill rate (currently 1.99%) is that the Westpac and NAB Notes are perpetual and without a fixed  Feb 17, 2020 the Prospectus in full before deciding to invest in NAB Capital Notes 4 Mandatorily convertible, subordinated, perpetual notes directly issued by NAB Floating rate, where Distribution Rate = (Bank Bill Rate + Margin) x (1 

Jun 2, 2016 Don't get sucked into Westpac Capital Notes 4 and NAB Capital Notes 2. and NAB (ASX: NAB) are offering above the bank bill rate (currently 1.99%) is that the Westpac and NAB Notes are perpetual and without a fixed 

NAB is marketing the floating rate securities at a margin of 2.20 to 2.30 per cent over the bank bill rate, which equates to an initial running yield of around 4 per cent, based on the current Corporate: Floating Rate Notes BENHB Bendigo/Adelaide Sub Notes Perpetual $75m 21-Aug-98 1.00% - - 0% Perpetual No No No 4 $86.00 1.89% - - - 1.69% National Australia Bank Limited (ABN 12 004 044 937), its related bodies and any officer, employee, agent, adviser or contractor thereof (“NAB”) do not warrant or represent that the Floating-Rate Note - FRN: A floating rate note, also known as a floater or FRN, is a debt instrument with a variable interest rate . A floating rate note’s interest rate, since it is not fixed Discounted Perpetual Floating Rate Notes (FRNs) are legacy capital securities issued by banks and insurers under previous regulatory regimes. Atlanticomnium’s Romain Miginiac highlights the instruments’ attractive asymmetric risk / reward characteristics and outlines the key drivers that are likely to impact future performance, noting they could play an important role in mitigating Floating rate notes can also be issued with a step up rate in the event that it is not called (repaid early or there is a trigger event such as a credit rating downgrade. How FRNs work – an example. Commonwealth Bank issued two bonds, one fixed and the other floating on 12 July 2016. Floating rate tranche Volume: A$1.8bn Interest rate: 3m The 90 day bank bill swap rate (BBSW) is shown below, along with the additional 1.7% margin provided by the note. The note is perpetual, meaning there is no set redemption date when MQG purchases NAB Subordinated Notes 2 $97.50 -$0.00 URF Convertible Step-Up Preference Units $53.65 -$0.00 NABHA NAB Income Securities Perpetual Tier 1 Capital Many hybrid securities however are floating rate and adjust with interest rate movements.

A new investment in National Australia Bank Limited (“NAB”), including a priority Reinvestment Offer for Eligible NAB Subordinated Notes (“NSN”) holders NAB’s first Basel III compliant retail Tier 2 instrument Non-discretionary, cumulative, quarterly, floating rate interest payments unless NAB is not, or will not be, Solvent1

Floating rate interest, if any. No. No. Term Deposits. Yes. Typically between 1 month and 5 years. No. Fixed rate interest. No. No. Senior Debt. No. Typically between 1 month and 10 years. Terms may permit early repayment at the option of the Bank (or the investor) Generally fixed or floating rate interest. Generally, no. No. Tier 2 Notes. No Prices Interest Rate Security Prices Bonds. Floating Rate Notes . Please note: The 'Yield' shown in the table below, is incorrect if the bond has an 'XI' indicated in the 'Status' column. NABHA * - NATIONAL AUSTRALIA BANK LIMITED 82.000 84.000 82.600 2.157% Perpetual 4 29/04/2020 15/05/2020 PPCHB - PEET LIMITED In accordance with the Terms of the NAB Subordinated Notes (the NSN Terms ), NAB had the right to elect to redeem all or some of the NAB Subordinated Notes on 19 June 2017 or on any Interest Payment Date falling after that date. NAB was able to do so with at least 30 days’ (and no more than 60 days’) NAB Subordinated Notes 2 are subordinated, unsecured notes issued by NAB on 20 March 2017 and listed on the ASX under the code NABPE. The issue price for NAB Subordinated Notes 2 was $100 per NAB Subordinated Note 2. They are not guaranteed or secured and are not a deposit account or any other account of NAB. Floating-Rate Note - FRN: A floating rate note, also known as a floater or FRN, is a debt instrument with a variable interest rate . A floating rate note’s interest rate, since it is not fixed NAB is marketing the floating rate securities at a margin of 2.20 to 2.30 per cent over the bank bill rate, which equates to an initial running yield of around 4 per cent, based on the current

Feb 24, 2020 NABPE NAB Subordinated Notes 2. 20 Sep 23 Perpetual. Tier 1 Capital Many hybrid securities however are floating rate and adjust.

NAB is marketing the floating rate securities at a margin of 2.20 to 2.30 per cent over the bank bill rate, which equates to an initial running yield of around 4 per cent, based on the current Corporate: Floating Rate Notes BENHB Bendigo/Adelaide Sub Notes Perpetual $75m 21-Aug-98 1.00% - - 0% Perpetual No No No 4 $86.00 1.89% - - - 1.69% National Australia Bank Limited (ABN 12 004 044 937), its related bodies and any officer, employee, agent, adviser or contractor thereof (“NAB”) do not warrant or represent that the Floating-Rate Note - FRN: A floating rate note, also known as a floater or FRN, is a debt instrument with a variable interest rate . A floating rate note’s interest rate, since it is not fixed Discounted Perpetual Floating Rate Notes (FRNs) are legacy capital securities issued by banks and insurers under previous regulatory regimes. Atlanticomnium’s Romain Miginiac highlights the instruments’ attractive asymmetric risk / reward characteristics and outlines the key drivers that are likely to impact future performance, noting they could play an important role in mitigating

NIS offer a floating distribution rate, payable quarterly in arrears. The distribution rate Note: the above information is not financial or tax advice. Please consult  Floating Rate Notes 73.000, 80.000, 80.000, 1.910%, Perpetual, 4, 14/05/2020, 01/06/2020 NABHA - NATIONAL AUSTRALIA BANK LIMITED. Feb 24, 2020 NABPE NAB Subordinated Notes 2. 20 Sep 23 Perpetual. Tier 1 Capital Many hybrid securities however are floating rate and adjust.