February 7, 2017 / 10:08 PM / 6 months ago

BRIEF-National Australia Bank launches subordinated notes 2 offer

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Feb 8 (Reuters) - National Australia Bank Ltd:

* NAB launches NAB subordinated notes 2 offer

* Each nab subordinated note 2 will have a face value of $100

* Offer is expected to raise approximately $750 million

* Once issued, NAB subordinated notes 2 will qualify as tier 2 capital for group

* Each NAB subordinated note 2 will have an expected margin in range of 2.20 pct to 2.30 pct per annum over three month bank bill rate

* NAB will use net proceeds of offer to refinance NAB subordinated notes issued by NAB on 18 June 2012 Source text for Eikon: Further company coverage:

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