Investing

Rollover options for NAB Wealth Management maturing bonds

  • 20.JUN.2016
  • Richard Murphy,  XTB

Last week, two NAB Wealth Management Subordinated Notes were called by the issuer.

Issuer Coupon Type Coupon P.A. Maturity Date First Call Date
NAB Wealth Management Fixed Rate 6.75% 16 JUN 2026 16 JUN 2016
NAB Wealth Management Floating Rate BBSW+0.63% 16 JUN 2026 16 JUN 2016

Rollover options

Advisers looking for ‘roll-over’ options can consider the following:

Rollover choice 1: Fixed Rate

Issuer NAB Wealth Management NATIONAL AUSTRALIA BANK
Seniority Subordinated Senior Unsecured
Coupon Type and Rate Fixed: 6.75% Fixed: 4.25%
Call Date / Maturity 16 JUN 2016 20 MAY 2019
ASX Code N/A OTC bond YTMNAB

Rollover choice 2: Floating Rate

Issuer NAB Wealth Management NATIONAL AUSTRALIA BANK
Seniority Subordinated Senior Unsecured
Coupon Type and Rate Floating (3m BBSW + 0.63%) Floating (3m BBSW + 0.63%)
Call Date / Maturity 16 JUN 2016 08 NOV 2018
ASX Code N/A OTC bond YTMF04

Why consider buying fixed interest on ASX?

  • Ability to trade in small investment amounts, as little as $500
  • Price transparency, through the ASX
  • Daily liquidity on ASX, buy and sell at any time
  • Ability to hold the fixed interest security on your client’s Wrap or Broker account

Next Steps

Contact the XTB Sales Desk to find out how we can help your clients.
Tel: 1800 995 993
Email: advisers@xtbs.com.au

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    YTMWOW: WOOLWORTHS 6.00% 21 MAR 2019

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  • 28Sep 2017

    YTMWES: WESFARMERS 6.25% 28 MAR 2019

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