Wealth Focus has secured access to the NAB Capital Notes 2 IPO. Investors looking to apply for a broker firm allocation will need to contact us on 1300 559 869 by close of business on Monday 6th June.
Allocations may still be available after this date but will be allocated on a first come first served basis.
NAB Capital Notes 2
As we anticipated in our analysis of the Westpac Capital Notes 4, NAB have launched a fixed income hybrid. Our view is that although the margin is line with the secondary market, the higher running yield make this an attractive issue and likely to lead to a premium on listing.
With Westpac's recent issue closing early and significant scalebacks, we would suggest asking for stock early. We expect this will be issued at 4.95% over the BBSW for an indicative rate of 6.94%pa (31/05/16). |