National Australia Bank launched NAB Capital Notes 6 Offer

National Australia Bank Limited (ASX: NAB) has announced the offer of a new Additional Tier 1 Capital security, NAB Capital Notes 6, which is anticipated to be quoted on ASX. Through this, the Company aims to raise AU$1 billion, with the ability to raise more or less.

NAB will redeem NAB Capital Notes 2 (NCN2) on 07 July 2022.

The offer includes:

• A Reinvestment Offer under which Qualified NCN2 Holders may apply by means of a Syndicate Broker to reinvest some or entire NCN2 redemption proceeds into NAB Capital Notes 6.
• A New Money Offer, under which the client of Syndicate Broker may apply through their Syndicate Broker for an allocation of NAB Capital Notes 6. This client could be either a Wholesale Client, or a Retail Investor within the Notes Target Market and has received personal advice from a qualified financial adviser.
• An Institutional Offer, under which certain Institutional Investors invited to participate by NAB may bid for NAB Capital Notes 6 during the Bookbuild.

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