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NAB opens books for Euro covered bond
February 12, 2015 / 8:38 AM / 3 years ago

NAB opens books for Euro covered bond

SINGAPORE, Feb 12 (IFR) - National Australia Bank (Aaa/NR/AAA) has opened books for an offering of a 12-year euro-denominated Reg S benchmark covered bond, for which the initial price guidance is mid-swaps plus low 20s. The bond is backed against 100% prime Australian residential mortgages. Credit Agricole, HSBC, NAB and UBS are joint bookrunners. The offering is today’s business. (Reporting By Daniel Stanton, editing by Dharsan Singh)

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