Factsheet | NAB 5.740% 09Feb2034 Corp (AUD)


Bond Name		NAB 5.740% 09Feb2034 Corp (AUD)
Bond Issuer		National Australia Bank Limited
Guarantor		-
ISIN		AU3CB0306462
CUSIP		ZF7878795

Issue Details

Cashflow Analysis


Currency	AUD
Coupon Rate	5.74
Coupon Type	Variable
Coupon Frequency	Semi Annually
Seniority	Subordinated
Capital Structure	Tier 2 (Subordinated Debt)

Issue Date	08 Feb 2024
Issue Price	100.000
Next Call Date	08 Feb 2029
Years to Next Call	2.625
*Call Price	100.000
Maturity Date	08 Feb 2034
Years to Maturity	7.628
^Redemption Price	100.000

Issue Size	AUD	650,000,000
Min Investment Qty	AUD	1,000
Incremental Quantity	AUD	1,000
Issuer Rating (S&P)	***
Issuer Rating (Fitch)	AA-
Bond Rating (S&P)	***
Bond Rating (Fitch)	A-
Exchange Listed	No


*If Called	08 Feb 2029
Date	Coupon Amount	Nominal Amount
08 Feb 2029	28.70
08 Aug 2028	28.70
08 Feb 2028	28.70
08 Aug 2027	28.70
08 Feb 2027	28.70
08 Aug 2026	28.70	1,000.00
Total	172.20	1,000.00

^Upon Maturity	08 Feb 2034
Date	Coupon Amount	Nominal Amount
08 Feb 2034	28.70
08 Aug 2033	28.70
08 Feb 2033	28.70
08 Aug 2032	28.70
08 Feb 2032	28.70
08 Aug 2031	28.70
08 Feb 2031	28.70
08 Aug 2030	28.70
08 Feb 2030	28.70
08 Aug 2029	28.70
08 Feb 2029	28.70
08 Aug 2028	28.70
08 Feb 2028	28.70
08 Aug 2027	28.70
08 Feb 2027	28.70
08 Aug 2026	28.70	1,000.00
Total	459.20	1,000.00

What You Paid

What You Get


Transaction Date		26 Jun 2026
Settlement Date		08 Jul 2026
Nominal Value	AUD	1,000.00
Bond Price	AUD	100.670
Accrued Interest	AUD	23.63
Processing Rate		0.35%
Processing Fee (0.35%)	AUD	11.19
GST (9.00%)	AUD	1.01
Processing Fee+GST	AUD	12.19
WAC	AUD	101.889
Total Investment	AUD	1,042.52


*If Called	172.20	1,000.00

Total Cashflow	AUD	1,172.20
Net Cash Return	AUD	129.68

Indicative Yield to Call		4.733%

^Upon Maturity	459.20	1,000.00

Total Cashflow	AUD	1,459.20
Net Cash Return	AUD	416.68

Indicative Yield to Maturity		5.610%

Coupon Reset Feature

Reset Date: 09Feb2029 and every quarter thereafter
Reset Rate = BBSW3 month + Initial Margin (1.950%)

Bond Feature(s)

https://secure.fundsupermart.com/fsmone/bonds/factsheet/AU3CB0306462/NAB-5-740-09Feb2034-Corp-AUD-

Notes:

1) Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.

2) Indicative Yields shown are net of fees.

Bond Information

National Australia Bank Limited (NAB) provides banking financial solutions. The Company offers internet banking, accounts, insurance, credit cards, home loans, and personal loans. NAB serves customers in Australia.

Bond Issuer

National Australia Bank Limited

Guarantor

Announcement Date

01 Feb 2024

Issue Date

08 Feb 2024

Maturity Date / Next Call Date

08 Feb 2034 / 08 Feb 2029

Years to Maturity / Next Call

7.628 / 2.625

Issue/Reoffer Price

100.000

Issue/Reoffer Yield

5.740

Coupon Type

Variable

Annual Coupon Rate (%)

5.74

Annual Coupon Frequency

Semi Annually

Seniority

Subordinated

Exchange Listed

Reference Rate

Reset Date: 09Feb2029 and every quarter thereafter
Reset Rate = BBSW3 month + Initial Margin (1.950%)

ISIN

AU3CB0306462

CUSIP

ZF7878795

Bond Currency

AUD

Total Issue Size

AUD 650,000,000

Minimum Investment Quantity (Nominal)

AUD 1,000

Incremental Quantity (Nominal)

AUD 1,000

Bond Registration

Wholesale

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/AA-

Bond Credit Rating (S&P/ Fitch)

***/A-

Shariah Compliant

W-8BEN Declaration needed

Bond Feature(s)

Loss Absorption

Tier 2

Conversion or Write-Off of Subordinated MTNs on Non-Viability Trigger Event

This Condition 13 (“Conversion or Write-Off of Subordinated MTNs on Non-Viability Trigger Event”) applies only to Subordinated MTNs issued by the Issuer. The Schedule to these Conditions (including the defined terms therein) shall be deemed to form part of, and be incorporated in, this Condition 13 (“Conversion or Write-Off of Subordinated MTNs on Non-Viability Trigger Event”).

Non-Viability Trigger Event

A “Non-Viability Trigger Event” occurs when APRA has provided a written determination (“Non-Viability Determination”) to the Issuer that:

(a) the conversion or write-off of Relevant Capital Instruments of the Issuer is necessary because without the conversion or write-off, APRA considers that the Issuer would become non-viable; or

(b) without a public sector injection of capital into, or equivalent support with respect to, the Issuer, APRA considers that the Issuer would become non-viable.

The date on which a Non-Viability Trigger Event occurs under Condition 13.1(a) or 13.1(b) is a “Conversion Date”.

Issuer Call

If the relevant Pricing Supplement states that the Issuer may redeem all or some of the MTNs of a Series before their Maturity Date under this Condition, the Issuer may redeem those MTNs for an amount in respect of each MTN redeemed equal to its Redemption Amount and any interest accrued on it to (but excluding) the redemption date (unless, in the case of Unsubordinated MTNs only, the Pricing Supplement specifies some other amount payable on redemption of the MTN).

first optional call date is 9 February 2029.

Additional Notes

Early redemption of Subordinated MTNs for regulatory reasons

If the relevant Pricing Supplement states that the Issuer may redeem all or some of the Subordinated MTNs of a Series before their Maturity Date under this Condition, the Issuer may redeem all or some of the Subordinated MTNs of a Series before their Maturity Date for an amount in respect of each Subordinated MTN redeemed equal to its Redemption Amount and any interest accrued on it to (but excluding) the redemption date if a Regulatory Event occurs.

Price History

(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file

DATE	BID PRICE	ASK PRICE	ASK YIELD (CALL)	ASK YIELD (MATURITY)

25 Jun 2026	100.549	100.670	5.458	6.019
24 Jun 2026	100.515	100.635	5.473	6.029
23 Jun 2026	100.440	100.561	5.504	6.036
22 Jun 2026	100.468	100.589	5.493	6.031
21 Jun 2026	100.309	100.430	5.559	6.055
18 Jun 2026	100.301	100.423	5.562	6.057
17 Jun 2026	100.370	100.491	5.534	6.047
16 Jun 2026	100.446	100.568	5.503	6.038
15 Jun 2026	100.368	100.490	5.535	6.046
14 Jun 2026	100.341	100.462	5.547	6.055

Total of 65 entries

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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Credit Rating

CHANGE DATE	S&P Bond	S&P Issuer	Fitch Bond	Fitch Issuer

28 Jun 2024	***	***	A-	A+ -> AA-

Total of 1 entries

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Related Documents

Pricing Supplement

A$650,000,000 Subordinated Callable Fixed-to-Floating Rate Medium Term Notes due February 2034 (“MTNs”). Pricing Supplement Dated 8 February 2024.

Offering Circular

Debt Issuance Programme. Information Memorandum Dated 4 April 2023.

Pricing Supplement

Main features of regulatory capital instruments.

Related Bonds

BOND NAME ISSUER	MATURITY DATE / NEXT CALL DATE	ASK PRICE	ASK YTM / YTW	BOND CREDIT RATING (S&P/FITCH)	action

NAB 6.558% 12May2041 Corp (AUD) National Australia Bank Limited	11 May 2036 (Next Call Date)	103.300	6.106% p.a.	***/A-	TRANSACT
NAB 6.342% 06Jun2039 Corp (AUD) National Australia Bank Limited	05 Jun 2034 (Next Call Date)	102.737	5.904% p.a.	***/A-	TRANSACT
NAB 6.322% 03Aug2032 Corp (AUD) National Australia Bank Limited	02 Aug 2027 (Next Call Date)	101.145	5.226% p.a.	***/A-	TRANSACT
NAB 6.163% 09Mar2033 Corp (AUD) National Australia Bank Limited	08 Mar 2028 (Next Call Date)	101.283	5.354% p.a.	***/A-	TRANSACT
NAB 6.150% 20Jul2037 Corp (AUD) National Australia Bank Limited	19 Jul 2037	98.799	6.303% p.a.	***/N.R	TRANSACT
NAB 5.902% 14Jan2036 Corp (USD) National Australia Bank Limited	13 Jan 2035 (Next Call Date)	103.110	5.441% p.a.	***/A-	TRANSACT
NAB 5.774% 30Jul2040 Corp (AUD) National Australia Bank Limited	29 Jul 2035 (Next Call Date)	98.189	6.029% p.a.	***/A-	TRANSACT
NAB 5.378% 12May2031 Corp (AUD) National Australia Bank Limited	11 May 2031	101.495	5.026% p.a.	***/N.R	TRANSACT
NAB 5.000% 19Jan2032 Corp (AUD) National Australia Bank Limited	18 Jan 2027 (Next Call Date)	99.888	5.056% p.a.	***/N.R	TRANSACT
NAB 5.000% 14Nov2029 Corp (AUD) National Australia Bank Limited	13 Nov 2029	100.212	4.929% p.a.	***/N.R	TRANSACT

Total of 13 entries

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FSM's Fees

For more information, please refer to the Pricing Structure

For each Buy & Sell Order (Retail^, Wholesale, Bond Express)

Processing Fee

0.35% / Min. SGD 10*

Platform Fee

0.05% per quarter

Other Charges

Goods & Services Tax (GST)

9% (GST is applicable to Singaporean residents on FSM’s fee)

Order Processing Time

Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)

Generally T+2 business days upon payment clearance

Sell Wholesale Bonds / SGS Bonds / Retail Bonds

Generally T+2 business days (Redemption proceeds will be credited on next day)

Remark

*Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
T = Transaction Date
The Order processing time refers to the order completion and reflected in your account.
^The Purchase date will be based on T date

Platform Charge

For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note

All fees and commission quoted are exclusive of Goods and Services Tax (GST).
Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained

EDIT

Est. Payable Amount

AUD 1,042.52

Years to Call

2 years 7+ months

Est. Total Income

AUD 172.20

4.733%

Indicative Cash Flow

Nominal Value

AUD 1,000.00

2029
Feb
Coupon
AUD 28.70
Early Redemption
AUD 1,000.00
2028
Aug
Coupon
AUD 28.70
Feb
Coupon
AUD 28.70
2027
Aug
Coupon
AUD 28.70
Feb
Coupon
AUD 28.70

Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.

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