NAB takes Tier 1 on the road
(16 March 2005 – USA) National Australia Bank has announced it will be conducting a roadshow in the United States to gauge institutional investor interest in the bank’s Tier 1 Trust Preferred Securities.
The bank said an issue of hybrid Tier 1 capital supported its objective of efficient capital management and that proceeds would be used by its London branch for general business purposes.
The bank said securities offered would not be registered under the US Securities Act of 1933.
The bank said securities offered would not be registered under the US Securities Act of 1933.
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