NAB 4.07% $36.50 national australia bank limited

These securities are cheap money for the bank and they don't...

  1. 31 Posts.
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    These securities are cheap money for the bank and they don't have to redeem them - why would they pay 100 when they are trading around 73? But in looking at the recent price increase, volumes and general surplus of buyers, I am wondering if there could be an on-market buyback happening? I think other issuers have done it previously with these perpetual beasts but is that something the bank would do, since it's a very large chunk of money?
 
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