Trade opportunities
Subordinated bank bonds have been a favoured investment grade trade over the last six months or so. Many have similar features – floating rate with 10 year, non call five structures. However, the latest NAB subordinated bond is different, so it is worth highlighting
Week in review
Trump executive orders spur uncertainty, Australian Consumer Price Index misses estimates and results season gets started
Company factsheets
National Australia Bank Ltd (NAB) is one of the four major banks in Australia in terms of market capitalisation and customers. The company provides personal banking and business/corporate banking services.
Company updates
Company updates galore as Emeco signed a binding restructuring support agreement, NABCAP Tier 1 set to mature, StockCo launched a medium term note issue, AAI launched a Tier 2 issue and two new NAB DirectBonds are now available to wholesale investors
Trade opportunities
Two new NAB subordinated Tier 2 Notes are now available as DirectBonds to wholesale investors, in minimum face value parcels of $10,000
Company factsheets
National Australia Bank Ltd (NAB) is one of the four major banks in Australia in terms of market capitalisation and customers. The company is one of the top five companies by market capitalisation on the Australian Stock Exchange, with $72bn as of 19 September 2016
Company factsheets
National Australia Bank Ltd (NAB) is one of the four major banks in Australia in terms of market capitalisation and customers. The company is one of the top five companies by market capitalisation on the Australian Stock Exchange, with $72bn as of 19 September 2016.
Opinion
Major Australian banks are much loved by investors, and rightly so. Over recent years they have delivered strong overall returns from growing dividends and rising share prices
Trade opportunities
Over the next few months there are quite a few maturing bonds – meaning many investors will need to decide what they do with the cash
New issues list
New issues for the period 3 May – 10 May 2016 including: Bank of Queensland, International Finance Corporation, KfW Bankengruppe and National Australia Bank