NAB 1.24% $38.28 national australia bank limited

Whilst there is little risk in NABHA defaulting I think that its...

  1. 84 Posts.
    Whilst there is little risk in NABHA defaulting I think that its share price will not increase to anywhere near $100.00 in the near future.

    NABHA is a perpetual security (no rest or maturity date) and it only has a 1.25% margin.

    NABHA also accounts for approximately 0.60% of NAB's Tier 1 capital ratio.

    This means that NAB is highly unlikely to redeem any time soon as it is a very cheap source of funding.

    As stated by the previous post, I would consider Commonwealth's Pearl V offer (3.40% margin), ANZ's ANZPB (2.50% margin) or Westpac's WCBPB (3.80%).

    Others can include AMP notes though they are trading well above face at the moment.
 
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$38.28
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$39.00 $39.07 $38.07 $181.8M 4.749M

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1 21064 $38.20
 

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Price($) Vol. No.
$38.29 6661 1
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