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BRIEF-National Australia Bank announces plans to redeem subordinate notes
April 20, 2017 / 12:07 AM / 5 months ago

BRIEF-National Australia Bank announces plans to redeem subordinate notes

April 20 (Reuters) - National Australia Bank Ltd

* Nab has elected to redeem all outstanding nsn in accordance with their terms

* NSN will be redeemed on monday, 19 june 2017, being their first optional redemption date

* NSN were issued by nab in 2012 and trade on asx under code ‘nabhb’

* For each NSN held nsn holders will receive a cash payment of $100 plus $1.1331 interest

* $633,692,300 of nsn (representing 6,336,923 nsn at $100 each) is currently outstanding. Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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