NAB 5.74% 2034 Tier 2 subordinated fixed-to-floating bond (AU3CB0306462)
An AUD Tier 2 subordinated fixed-to-floating bond issued by National Australia Bank Limited, paying 5.74% semi-annual, maturing 2034-02-09, callable by the issuer from 2029-02-09; about AUD 650m outstanding.
| Issuer | National Australia Bank Limited |
| ISIN | AU3CB0306462 |
| Type | Fixed, then floating |
| Ranking | Tier 2 subordinated |
| Coupon | 5.74% |
| Coupon frequency | Semiannually |
| Currency | AUD |
| Issue date | 2024-02-09 |
| Maturity | 2034-02-09 |
| First call | 2029-02-09 |
| Amount outstanding | AUD 650m |
| Minimum investment | 200,000 AUD |
Questions
- Who can buy this bond?
- Through Candour Capital, wholesale and professional investors only (for example with an accountant's s708 certificate).
- What is the minimum investment?
- 200,000 AUD, then in the denominations the terms set.
- How is it bought and held?
- Through a Candour Capital adviser; it settles in Austraclear and is held in your custody or platform account.
- Where are the price and yield?
- Live reference prices and yields are in the Candour app for signed-in users and change with the market.
Other bonds from this issuer
- NAB 5% 2029 senior unsecured fixed rate bond (AU3CB0315463)
- NAB 2031 senior unsecured floating rate note (XS2423738041)
- NAB 2032 Tier 2 subordinated floating rate note (AU3FN0070199)
- NAB 5.52% 2036 senior unsecured fixed rate bond (XS3439960470)
- NAB 2029 senior unsecured floating rate note (AU3FN0085742)
- NAB 2026 senior unsecured floating rate note (AU3FN0082988)
- NAB 2027 senior unsecured floating rate note (AU3FN0066528)
- NAB 6.163% 2033 Tier 2 subordinated fixed-to-floating bond (AU3CB0297554)
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Rate context
About 2.3 years to first call; the Australian government yield at that term is about 4.92% (RBA, 2026-10-14). Australian rates and credit
Prices, yields and ratings are in the Candour app for signed-in users.
Sign in for the live price