NAB 1.78% $36.94 national australia bank limited

nabha, page-5

  1. 424 Posts.
    Given that there is no fixed redemption date at Face Value (i.e. $100 cash back) and the income payments are NOT franked they are fairly unattractive in comparison to WBCPA for instance which provide fully franked income payments and have a fixed maturity date of 2013.

    The margin on the NABHAs is also pretty poor at 1.25% above the 90day BBSW. Half the rate payable on the Westpac hybrids.
 
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