There was a series of announcements yesterday
some notes were bought back
some notes were converted without notice to equity- - 35 m new shares issued at 2135 ish
glad those that were looking for cash got it
clearly some didn’t and got some nice shares which are underwater and represent a big overhang
more of these style products will be converted in time imo, the potential to covert has always been in the contracts
some are writing online it wasn’t a bail in and they are correct, a bail in is when you didn’t have the risk and didn’t have a choice - the bank just converted soMe of their notes - nothing dodgy whatsoever - they had the right and it was reflected in the higher returns over market they had been paying - more will coMe in the banking sector , its the risks associated with these products that was compensated for by the banks with higher than market interest
Ann: Issue of ordinary shares on conversion of NAB Capital Notes, page-12
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Last
$35.02 |
Change
0.010(0.03%) |
Mkt cap ! $108.6B | |||
| Open | High | Low | Value | Volume |
| $34.95 | $35.09 | $34.83 | $294.6M | 8.416M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8034 | $34.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.03 | 18161 | 6 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$35.02 |
Change
0.010 ( 0.12 %) |
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| Open | High | Low | Volume | ||
| $34.97 | $35.09 | $34.86 | 361447 | ||
| Last updated 16.10pm 14/06/2024 ? | |||||
| NAB (ASX) Chart |