NAB Subordinated Notes (NSN) are interest bearing notes and constitute direct, subordinated and unsecured obligations of NAB. Each NAB Subordinated Note is issued on and subject to the provisions of the Deed Poll and the Terms. The NAB Subordinated Notes have been issued with a face value of $100 each and are listed on the ASX under code NABHB.
On 20 April 2017, NAB gave notice to NSN holders that the NSN will be redeemed on the first optional redemption date of Monday, 19 June 2017 (in accordance with their terms). For each NSN held on Friday, 9 June 2017 (the record date for payment), a holder will receive a cash payment of $100 (being the face value of the NSN) plus a final interest payment of $1.1331 in respect of the interest period from (and including) 20 March 2017 to (but not including) 19 June 2017.
Payments will be made in cash on 19 June 2017.
The last day of trading in NSN on the Australian Securities Exchange (ASX) will be 7 June 2017.
For Australian resident holders, the distributions received will generally form part of your Australian taxable income. Franking credits are not attached to the distributions made.
For more information on the NABHB please refer to:
- NAB Subordinated Notes payment history and relevant ASX announcements from 18 September 2012 to present
- ASX announcement - Notice of redemption of NAB Subordinated Notes (NSN) (PDF, 286KB)
- NAB Subordinated Notes – Offer Document (PDF, 2.2MB)
- Financial Services Guide
- NAB Subordinated Notes – Amended Deed Poll (PDF, 1.5MB)