We offer a range of fixed income assets including capital notes, senior unsecured bonds and convertible bonds.


    Hybrids are a class of securities that have both debt and equity features. There are three broad types of hybrids – convertibles, preference shares and capital notes.

    Fixed income

    A bond is an over-the-counter (OTC) fixed income security, which is not listed on a formal exchange such as the Australian Stock Exchange (ASX).

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    Any advice contained on this webpage has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice on this webpage, National Australia Bank Limited ABN 12 004 044 937 AFSL 230686 (NAB) recommends that you consider whether it is appropriate for your circumstances. If you are classified as a “Retail Client” under the Corporations Act 2001 (Cth) and the advice contained in this information relates to “Financial Products” which NAB has approved for sale to Retail Clients, NAB recommends you consider the Product Disclosure Statement or other disclosure document, available from NAB for Retail Clients, and seek independent professional advice before making any decisions regarding any product. NAB is the product issuer, unless otherwise specified.

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