March 12 (Reuters) - National Australia Bank Ltd (NAB) :
- NAB WITHDRAWS NAB CAPITAL NOTES 4 OFFER
- RECOGNISES THAT MARKET CONDITIONS HAVE CHANGED SUBSTANTIALLY SINCE OFFER WAS LAUNCHED
- ONGOING MARKET VOLATILITY WOULD BE LIKELY TO IMPACT ON TRADING VALUE OF NAB CAPITAL NOTES 4
- WITHDRAWAL OF OFFER OF NAB CAPITAL NOTES 4 DOES NOT IMPACT RESALE OF NCN
- OTHER OPTIONS, INCLUDING POTENTIAL REPRICING, WERE NOT CONSIDERED APPROPRIATE IN ABSENCE OF AN ORDERLY MARKET
- STILL INTENDS TO CONVERT UP TO $750M OF NCN INTO ORDINARY SHARES
- APPLICATION MONIES RECEIVED BY NAB WILL BE REFUNDED (WITHOUT INTEREST)
- NATIONAL AUSTRALIA BANK LTD SAYS REMAINS WELL-CAPITALISED
Source text : (https://bit.ly/3cUGVK6)
(([email protected];))
March 12 (Reuters) - National Australia Bank Ltd (NAB) : NAB...
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