NAB national australia bank limited

News: NAB National Australia Bank announces delay in launching CYBG IPO

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    Feb 2 (Reuters) - National Australia Bank Limited :

    • Confirmed CYBG Plc demerger has become effective today and announced a short delay in launching expected Initial Public Offering
    • IPO is expected to proceed, with the IPO multiple times covered at 180 pence per CYBG share from International and Australian investors
    • Expects to announce the final pricing for the IPO on 3 February 2016.
    • CYBG is expected to have a senior standalone investment grade credit rating
    • NAB and CYBG have decided to delay finalisation of the IPO for 24 hours
 
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Last
$43.79
Change
0.250(0.57%)
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