Bond Austral National Bank 1.3% ( US6325C1CA50 ) in USD

Issuer Austral National Bank
Market price 100 %  ⇌ 
Country  Australia
ISIN code  US6325C1CA50 ( in USD )
Interest rate 1.3% per year ( payment 2 times a year)
Maturity 30/06/2017 - Bond has expired



Prospectus brochure in PDF format is unavailable at this time
We will provide it as soon as possible

Minimal amount 250 000 USD
Total amount 500 000 000 USD
Cusip 6325C1CA5
Standard & Poor's ( S&P ) rating AA- ( High grade - Investment-grade )
Moody's rating Aa3 ( High grade - Investment-grade )
Detailed description National Australia Bank (NAB) is a leading Australian financial services company offering a wide range of banking, financial planning, and asset management services to personal, business, and institutional clients domestically and internationally.

This financial analysis details a specific fixed-income instrument, an obligation identified by its ISIN US6325C1CA50 and CUSIP 6325C1CA5, which was issued by the National Australia Bank (NAB). National Australia Bank, a globally recognized and significant financial institution, stands as one of Australia's "big four" banks. Headquartered in Melbourne, Australia, NAB operates as a highly diversified financial services organization, providing a comprehensive range of banking and wealth management products and services to retail, business, and institutional clients across Australia, New Zealand, and selected international markets. Its robust market position, extensive operational scale, and long-standing history underpin its strong credit profile within the global banking sector. The specific characteristics of this bond issue highlight its nature as a USD-denominated instrument carrying a fixed interest rate (coupon) of 1.3%. The total size of this particular issuance was substantial, amounting to $500,000,000, indicating a significant capital raising exercise undertaken by the issuer. The instrument was structured with a minimum purchase size of $250,000, a common feature for bonds primarily catering to institutional investors or sophisticated individual investors. Interest payments were meticulously scheduled with a frequency of two times per year, ensuring semi-annual distributions to bondholders throughout its term. A key detail regarding this bond's lifecycle is its stipulated maturity date, which was set for June 30, 2017. Notably, at the point of its redemption, the bond's market price stood precisely at 100% of its par value, confirming that investors received full principal repayment upon the bond's expiration. This obligation has now successfully reached its full term and has been fully repaid, signifying the complete fulfillment of the issuer's financial commitment to its bondholders for this specific debt instrument. The credit quality of this bond was affirmed by leading international rating agencies, reflecting the National Australia Bank's strong financial health and capacity to meet its obligations. Standard & Poor's assigned a strong investment-grade rating of AA- to the issue, while Moody's similarly provided an Aa3 rating. These high credit ratings underscore the issuer's robust financial standing and indicate a very low expectation of default risk associated with this bond throughout its tenure, providing reassurance to investors about the issuer's commitment to its debt servicing.