Bond Austral National Bank 2.75% ( XS1789635627 ) in NZD

Issuer	Austral National Bank
Market price	100 % ⇌
Country	Australia
ISIN code	XS1789635627 ( in NZD )
Interest rate	2.75% per year ( payment 1 time a year)
Maturity	24/03/2022 - Bond has expired
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Minimal amount	10 000 NZD
Total amount	57 700 000 NZD
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. An examination of a specific bond issuance originating from National Australia Bank (NAB), a cornerstone of Australia's financial landscape and one of its largest banking institutions, provides insight into its debt capital market activities. NAB, a multinational financial services group, serves millions of customers across Australia, New Zealand, and globally, offering a wide array of banking, wealth management, and insurance products. This particular fixed-income instrument, identified by its ISIN code XS1789635627, was a bond issued from Australia, denominated in New Zealand Dollars (NZD). It featured an annual interest rate of 2.75%, with interest payments scheduled to occur once per year throughout its term. The total principal amount raised through this issuance was NZD 57,700,000, structured to accommodate investors with a minimum purchase size of NZD 10,000. This bond reached its scheduled maturity date on March 24, 2022, and has since been fully redeemed, with investors receiving 100% of the bond's principal value upon its repayment.