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摘要

NATIONAL AUSTRALIA BANK bank became the third of the country's four major banks to make inroads into their newly increased capital requirements with a well received US$1.5bn Tier 2 Yankee sale last Monday. The 3.933% 15-year non-call 10 144A/Reg S note issue attracted a book of US$8.1bn, which enabled joint bookrunners Bank of America Merrill lynch, Citigroup, Goldman Sachs, NAB and Wells Fargo to price well within 215bp initial price thoughts at Treasuries plus 188bp.