NAB Capital Notes 4 - Completion of Bookbuild and Margin Set

On 24 February 2020, National Australia Bank (“NAB”) announced the completion of the Bookbuild process for its offer of Capital Notes 4 ("NABPG"), previously launched on 17 February 2020.

NAB has closed the Bookbuild and allocated $1.95 billion of Capital Notes 4 under the Broker Firm and Institutional Offers..

The Margin was set at 2.95%, at the bottom of the indicative Margin range.

NAB has increased the Offer to at least this amount and the final size of the Offer may be increased further, subject to Applications received and accepted under the Reinvestment and Securityholder Offers.

The Offer is expected to close on 17 March 2020.