NAB Completes Resale of NAB Capital Notes

On Monday 23 March 2020, NAB announced that it had completed the resale of ~$1.343 billion of NAB Capital Notes (ASX: NABPC).

Full principal payments of $100 per Capital Note will be made on the same day to all Holders.

As previously announced, following the resale to the nominated purchaser, $750 million of Notes were converted into 35,140,972 fully paid ordinary shares in the hands of the nominated purchaser at a price of $21.342608 per share.  This conversion adds approximately 18 basis points of Common Equity Tier 1 capital on a Level 2 basis.  The remaining balance (~$593 million) has been redeemed for cash in the hands of the nominated purchaser.