National Australia Bank Limited ( (AU:NAB) ) just unveiled an update.
National Australia Bank Limited has announced the issuance of $1.25 billion in subordinated notes under its global medium-term note program. These notes are designed to convert into ordinary shares if required by regulatory directives to prevent the bank from becoming non-viable. This move is not expected to have a significant impact on the bank’s financial position but offers a mechanism to strengthen shareholders’ equity in specific scenarios.
More about National Australia Bank Limited
National Australia Bank Limited operates in the financial services industry, offering a range of banking and financial solutions. It focuses on providing credit and investment products through a global medium-term note program.
YTD Price Performance: 0.63%
Average Trading Volume: 1,541
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $71.53B
See more data about NAB stock on TipRanks’ Stock Analysis page.