NAB today announced its intention to raise $750 million with the ability to raise more or less, through the offer of NAB Capital Notes 3.

Shaw and Partners has been appointed Joint Lead Manager to the offer together with NAB, Morgan Stanley, Morgans, UBS and Westpac.

The offer includes a Security holder offer and a Reinvestment Offer for eligible NAB CPS (NABPA) holders.  NAB Capital Notes 3 issue is expected to be quoted on ASX under the trading code NABPF.

NAB Capital Notes 3 are subordinated, unsecured notes, scheduled to pay floating rate distributions quarterly, which are expected to be fully franked.  NAB Capital Notes 3 has an Initial Face Value of A$100, and the net proceeds of the Offer will be used to fund the Group’s business.

For more information please contact your Shaw and Partners Adviser.

Disclaimer:  The Prospectus relates to the offer by National Australia Bank Limited ABN 12 004 044 937 of NAB Capital Notes 3 to raise $750 million, with the ability to raise more or less. This Prospectus is dated 11 February 2019 and a copy of this Prospectus was lodged with ASIC on that date. This Prospectus expires on the date which is 13 months after 11 February 2019 and no NAB Capital Notes 3 will be issued on the basis of this Prospectus after that date. Neither ASIC nor ASX take any responsibility for the contents of this Prospectus or the Offer.  This Prospectus and an Application Form can also be obtained electronically from nab.com.au/ncn3offer