From the NAB website
NAB Capital Notes 2 are convertible notes directly issued by NAB on 7 July 2016 and listed on the ASX under the code NABPD. The issue price for NAB Capital Notes 2 is $100 per NAB Capital Note 2. They're not guaranteed or secured and are not a deposit account or any other account of NAB.NAB Capital Notes 2 are expected to pay a discretionary, quarterly, floating rate, non-cumulative Distribution1. The Distribution Rate is equal to the sum of the Bank Bill Rate and a Margin of 4.95%, a sum adjusted for NAB’s Tax Rate2 to reflect franking credits attached to each Distribution (subject to availability)3. Distributions are expected to be fully franked.NAB Capital Notes 2 will mandatorily convert into NAB Ordinary Shares on 8 July 2024, provided certain conditions are met. With the written prior approval of APRA, NAB may elect to convert, redeem or resell NAB Capital Notes 2 on 7 July 2022, or on the occurrence of particular events, provided certain conditions are met.Holders will have no right to require NAB to convert NAB Capital Notes 2 into Ordinary Shares, or to redeem or resell NAB Capital Notes 2. Without a conversion, redemption or resale, holders would have to sell their NAB Capital Notes 2 on the ASX at the prevailing market price. etc etc
Ann: Dividend/Distribution - NABPD, page-3
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Last
$35.33 |
Change
-0.440(1.23%) |
Mkt cap ! $109.3B | |||
| Open | High | Low | Value | Volume |
| $35.65 | $35.68 | $35.15 | $101.1M | 2.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6221 | $35.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.34 | 28306 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NAB (ASX) Chart |