Candour Capital

NAB 2031 senior unsecured floating rate note (XS2423738041)

By Allen Lin, Candour Capital

An AUD senior unsecured floating rate bond issued by National Australia Bank Limited, paying BBSW + 0.85% quarterly, maturing 2031-12-20; about AUD 40m outstanding.

IssuerNational Australia Bank Limited
ISINXS2423738041
TypeFloating rate
Rankingsenior unsecured
CouponBBSW + 0.85%
Coupon frequencyQuarterly
CurrencyAUD
Issue date2021-12-20
Maturity2031-12-20
Amount outstandingAUD 40m
Minimum investment1,000,000 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?
1,000,000 AUD, then in the denominations the terms set.
How is it bought and held?
Through a Candour Capital adviser; it settles through Euroclear / Clearstream into your custody 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.

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Rate context

About 5.2 years to maturity; the Australian government yield at that term is about 4.99% (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