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
From the NAB websiteNAB Capital Notes 2 are convertible notes...
Add NAB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$33.81 |
Change
0.290(0.87%) |
Mkt cap ! $104.9B | |||
| Open | High | Low | Value | Volume |
| $33.69 | $34.05 | $33.62 | $121.3M | 3.585M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17815 | $33.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.90 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$33.87 |
Change
0.290 ( 0.95 %) |
||||
| Open | High | Low | Volume | ||
| $33.66 | $34.05 | $33.63 | 619806 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| NAB (ASX) Chart |