Bond Austral National Bank 3.347% ( USQ6535DBG80 ) in USD

Issuer	Austral National Bank
Market price	89.49 % ▲
Country	Australia
ISIN code	USQ6535DBG80 ( in USD )
Interest rate	3.347% per year ( payment 2 times a year)
Maturity	12/01/2037
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Minimal amount	250 000 USD
Total amount	1 250 000 000 USD
Cusip	Q6535DBG8
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Next Coupon	12/01/2026 ( In 118 days )
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 article details a specific fixed-income instrument: a bond issued by National Australia Bank (NAB), identified by ISIN USQ6535DBG80 and CUSIP Q6535DBG8. National Australia Bank, a prominent institution headquartered in Australia, stands as one of the country's "Big Four" major banks, boasting a significant presence in domestic and international financial markets, offering a comprehensive range of banking and financial services to individuals, businesses, and institutions. This particular bond, issued from Australia and denominated in USD, features a fixed coupon rate of 3.347% and is set to mature on January 12, 2037, with interest payments distributed semi-annually. The total issuance size for this offering stands at 1,250,000,000 USD, with a minimum investment requirement of 250,000 USD. As of the latest market data, the bond is currently trading at 88.04% of its par value, indicating it is available at a discount. Its credit quality is affirmed by leading rating agencies, holding an 'A-' rating from Standard & Poor's and an 'A3' rating from Moody's, both indicative of strong investment-grade creditworthiness.