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
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$38.17 |
Change
0.230(0.61%) |
Mkt cap ! $117.6B |
Open | High | Low | Value | Volume |
$38.17 | $38.20 | $37.92 | $238.0M | 6.249M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6000 | $38.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.17 | 18084 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6000 | 38.060 |
1 | 72912 | 38.050 |
1 | 6500 | 38.040 |
2 | 64187 | 38.030 |
1 | 5000 | 38.020 |
Price($) | Vol. | No. |
---|---|---|
38.170 | 9864 | 1 |
38.180 | 220 | 2 |
38.200 | 64442 | 24 |
38.210 | 821 | 1 |
38.230 | 195 | 1 |
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