Bond Austral National Bank 4.67% ( XS1880307266 ) in CNY

Issuer	Austral National Bank
Market price	100 % ⇌
Country	Australia
ISIN code	XS1880307266 ( in CNY )
Interest rate	4.67% per year ( payment 1 time a year)
Maturity	14/09/2023 - Bond has expired
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Minimal amount	1 000 000 CNY
Total amount	100 000 000 CNY
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. A recent development in the fixed income market highlights the successful maturity and repayment of a bond issued by National Australia Bank (NAB), one of Australia's premier financial institutions. This particular debt instrument, identified by the ISIN code XS1880307266, was a bond denominated in Chinese Yuan (CNY). Issued from Australia, this bond carried a fixed interest rate of 4.67% and represented a significant issuance with a total size of CNY 100,000,000. Investors were able to acquire this bond in minimum lot sizes of CNY 1,000,000. The bond, which featured an annual payment frequency, reached its scheduled maturity date on September 14, 2023. At the time of its maturity, the bond was valued at 100% of its face value in the market, signifying its repayment at par. National Australia Bank, commonly known as NAB, stands as one of the four largest financial institutions in Australia, offering a comprehensive suite of banking and financial services to individuals, businesses, and institutional clients across Australia, New Zealand, and other global markets. The successful redemption of this bond underscores NAB's commitment to fulfilling its financial obligations to its bondholders.