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CREDIT SUPPLY: NAB Sized At EUR1.25bn, Book Small Slip To >EUR2.1bn, Cover 1.7x

CREDIT SUPPLY

National Australia (NAB: Aa2/AA-/AA-) green senior unsecured final terms have books at >EUR2.1bn, so some small slippage from last update (was >EUR2.5bn) and size set at EUR1.25bn, so only 1.7x covered. We had FV at MS+65-70bp and priced at MS+72bp.

  • “FINAL TERMS: NAB EU1.25b 5.5Y Green MS+72” - BBG

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