Whatever the reasons for the situation and the current share price, this hybrid is an absolute embarrassment. How can one of the 4 major banks be partially funded by a near 20 year old $100 note which is not Basel compliant, perpetual, unfranked dividends and has traded below $80 for over a decade. Absolute scary stuff for supposedly one of the 4 pillars.
NAB Price at posting:
$29.16 Sentiment: Hold Disclosure: Not Held
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