Factsheet | NAB 5.774% 30Jul2040 Corp (AUD)


Bond Name		NAB 5.774% 30Jul2040 Corp (AUD)
Bond Issuer		National Australia Bank Limited
Guarantor		-
ISIN		AU3CB0324226
CUSIP		YM6056837

Issue Details

Cashflow Analysis


Currency	AUD
Coupon Rate	5.774
Coupon Type	Variable
Coupon Frequency	Semi Annually
Seniority	Subordinated
Capital Structure	Tier 2 (Subordinated Debt)

Issue Date	29 Jul 2025
Issue Price	100.000
Next Call Date	29 Jul 2035
Years to Next Call	9.064
*Call Price	100.000
Maturity Date	29 Jul 2040
Years to Maturity	14.070
^Redemption Price	100.000

Issue Size	AUD	1,500,000,000
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	Others


*If Called	29 Jul 2035
Date	Coupon Amount	Nominal Amount
29 Jul 2035	28.87
29 Jan 2035	28.87
29 Jul 2034	28.87
29 Jan 2034	28.87
29 Jul 2033	28.87
29 Jan 2033	28.87
29 Jul 2032	28.87
29 Jan 2032	28.87
29 Jul 2031	28.87
29 Jan 2031	28.87
29 Jul 2030	28.87
29 Jan 2030	28.87
29 Jul 2029	28.87
29 Jan 2029	28.87
29 Jul 2028	28.87
29 Jan 2028	28.87
29 Jul 2027	28.87
29 Jan 2027	28.87
29 Jul 2026	28.87	1,000.00
Total	548.53	1,000.00

^Upon Maturity	29 Jul 2040
Date	Coupon Amount	Nominal Amount
29 Jul 2040	28.87
29 Jan 2040	28.87
29 Jul 2039	28.87
29 Jan 2039	28.87
29 Jul 2038	28.87
29 Jan 2038	28.87
29 Jul 2037	28.87
29 Jan 2037	28.87
29 Jul 2036	28.87
29 Jan 2036	28.87
29 Jul 2035	28.87
29 Jan 2035	28.87
29 Jul 2034	28.87
29 Jan 2034	28.87
29 Jul 2033	28.87
29 Jan 2033	28.87
29 Jul 2032	28.87
29 Jan 2032	28.87
29 Jul 2031	28.87
29 Jan 2031	28.87
29 Jul 2030	28.87
29 Jan 2030	28.87
29 Jul 2029	28.87
29 Jan 2029	28.87
29 Jul 2028	28.87
29 Jan 2028	28.87
29 Jul 2027	28.87
29 Jan 2027	28.87
29 Jul 2026	28.87	1,000.00
Total	837.23	1,000.00

What You Paid

What You Get


Transaction Date		08 Jul 2026
Settlement Date		20 Jul 2026
Nominal Value	AUD	1,000.00
Bond Price	AUD	97.619
Accrued Interest	AUD	27.27
Processing Rate		0.35%
Processing Fee (0.35%)	AUD	11.17
GST (9.00%)	AUD	1.01
Processing Fee+GST	AUD	12.18
WAC	AUD	98.837
Total Investment	AUD	1,015.64


*If Called	548.53	1,000.00

Total Cashflow	AUD	1,548.53
Net Cash Return	AUD	532.89

Indicative Yield to Call		5.724%

^Upon Maturity	837.23	1,000.00

Total Cashflow	AUD	1,837.23
Net Cash Return	AUD	821.59

Indicative Yield to Maturity		5.775%

Coupon Reset Feature

Reset Date: 30 July 2035 and every quarterly thereafter
Reset Rate: ASX Australian Bank Bill Short Term Rates 3 Month Mid+ Initial Margin (1.700%)

Bond Feature(s)

https://secure.fundsupermart.com/fsmone/bonds/factsheet/AU3CB0324226/NAB-5-774-30Jul2040-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 and financial solutions. The Company offers internet banking, saving accounts, insurance, credit cards, home loans, and personal finance services. NAB serves customers worldwide.

Bond Issuer

National Australia Bank Limited

Guarantor

Announcement Date

21 Jul 2025

Issue Date

29 Jul 2025

Maturity Date / Next Call Date

29 Jul 2040 / 29 Jul 2035

Years to Maturity / Next Call

14.070 / 9.064

Issue/Reoffer Price

100.000

Issue/Reoffer Yield

5.774

Coupon Type

Variable

Annual Coupon Rate (%)

5.774

Annual Coupon Frequency

Semi Annually

Seniority

Subordinated

Exchange Listed

Others

Reference Rate

Reset Date: 30 July 2035 and every quarterly thereafter
Reset Rate: ASX Australian Bank Bill Short Term Rates 3 Month Mid+ Initial Margin (1.700%)

ISIN

AU3CB0324226

CUSIP

YM6056837

Bond Currency

AUD

Total Issue Size

AUD 1,500,000,000

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

Bail-in

Tier 2

Non-Viability Trigger Event: A Non-Viability Trigger Event occurs when APRA has provided a written 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 capital support with respect to, the Issuer, APRA considers that the Issuer would become non-viable

Conversion Following a Non-Viability Trigger Event:

If a Non-Viability Trigger Event occurs, the primary method of loss absorption is Conversion. Upon a Non-Viability Trigger Event occurring, the Issuer will be required to immediately Convert all or, in some cases a proportion of the Subordinated MTNs into Ordinary Shares. If for any reason Conversion is not effected within five Business Days, Subordinated MTNs will be Written-Off and Holders’ rights, including any rights to payments of interest and principal, will be immediately and irrevocably terminated and written off with effect on and from the Conversion Date.

Issuer Call

The Interest Payment Date falling in or nearest to July 2035 and each Interest Payment Date thereafter up to but excluding the Maturity Date. Early redemption of Subordinated MTNs is subject to the prior written approval of APRA and to further requirements with respect to regulatory capital replacement (subject to income sustainability) or regulatory confirmation of the Issuer’s capital position.

Holders of Subordinated MTNs should not expect that APRA’s approval will be given for any early redemption of Subordinated MTNs

Additional Notes

Early Redemption for tax and regulatory reasons:

Subject to the prior written approval of APRA, the Subordinated MTNs may be redeemed before the Maturity Date for certain tax and regulatory reasons at par plus accrued interest. Holders should not expect that APRA’s approval will be given for any early redemption of Subordinated MTNs. Holders have no right to request redemption before the Maturity date.

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)

06 Jul 2026	97.180	97.619	6.120	6.123
05 Jul 2026	97.450	97.891	6.079	6.092
02 Jul 2026	97.338	97.779	6.096	6.105
01 Jul 2026	97.100	97.538	6.131	6.132
30 Jun 2026	97.369	97.810	6.091	6.101
29 Jun 2026	97.817	98.283	6.021	6.052
28 Jun 2026	97.572	98.026	6.059	6.079
25 Jun 2026	97.734	98.189	6.035	6.063
24 Jun 2026	97.492	97.877	6.081	6.098
23 Jun 2026	97.284	97.668	6.111	6.118

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

31 Jul 2025	***	***	N.R -> A-	AA-

Total of 1 entries

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

NAB 6.150% 20Jul2037 Corp (AUD) National Australia Bank Limited	19 Jul 2037	97.936	6.416% p.a.	***/N.R	TRANSACT
NAB 3.933% 02Aug2034 Corp (USD) National Australia Bank Limited	01 Aug 2029 (Next Call Date)	96.904	5.035% p.a.	***/A-	TRANSACT
NAB 3.225% 18Nov2031 Corp (AUD) National Australia Bank Limited	17 Nov 2026 (Next Call Date)	99.374	3.970% p.a.	***/A-	TRANSACT
NAB 5.000% 19Jan2032 Corp (AUD) National Australia Bank Limited	18 Jan 2027 (Next Call Date)	99.884	5.059% p.a.	***/N.R	TRANSACT
NAB 4.950% Perpetual Corp (AUD) National Australia Bank Limited	11 Dec 2029 (Next Call Date)	95.381	6.473% p.a.	***/N.R	TRANSACT
NAB 5.740% 09Feb2034 Corp (AUD) National Australia Bank Limited	08 Feb 2029 (Next Call Date)	100.564	5.501% p.a.	***/A-	TRANSACT
NAB 5.378% 12May2031 Corp (AUD) National Australia Bank Limited	11 May 2031	101.339	5.061% p.a.	***/N.R	TRANSACT
NAB 6.342% 06Jun2039 Corp (AUD) National Australia Bank Limited	05 Jun 2034 (Next Call Date)	102.172	5.992% p.a.	***/A-	TRANSACT
NAB 6.163% 09Mar2033 Corp (AUD) National Australia Bank Limited	08 Mar 2028 (Next Call Date)	101.184	5.406% p.a.	***/A-	TRANSACT
NAB 5.902% 14Jan2036 Corp (USD) National Australia Bank Limited	13 Jan 2035 (Next Call Date)	102.293	5.560% p.a.	***/A-	TRANSACT

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 1,015.64

Years to Call

9 years

Est. Total Income

AUD 548.53

5.724%

Indicative Cash Flow

Nominal Value

AUD 1,000.00

2035
Jul
Coupon
AUD 28.87
Early Redemption
AUD 1,000.00
Jan
Coupon
AUD 28.87
2034
Jul
Coupon
AUD 28.87
Jan
Coupon
AUD 28.87
2033
Jul
Coupon
AUD 28.87

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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