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National Australia Bank seeks to raise about A$1.4b through notes offer

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National Australia Bank said on Monday it was looking to raise A$1.4 billion (S$1.3 billion) through the issue of medium-term notes to help beef up its capital ahead of a regulatory deadline.

[BENGALURU] National Australia Bank said on Monday it was looking to raise A$1.4 billion (S$1.3 billion) through the issue of medium-term notes to help beef up its capital ahead of a regulatory deadline.

Of the total issue, A$1.18 billion of notes will carry a floating rate, and A$225 million will carry a fixed rate. Both sets of notes will be due in November 2031.

REUTERS

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