National Australia Bank Limited (NAB) today announced its intention to raise $750 million through the offer of NAB Capital Notes 8, with the ability to raise more or less.

NAB Capital Notes 8 are convertible, subordinated notes that are scheduled to pay quarterly, floating rate, non-cumulative Distributions in cash subject to the satisfaction of certain conditions.  Distributions are expected to be fully franked.

Shaw and Partners is pleased to be appointed as Joint Lead Manager to offer.

The margin is expected to be between 2.60% and 2.80% pa and will be determined through the Bookbuild. NAB Capital Notes 8 has an Initial Face Value of A$100, and the net proceeds of the offer will be used for general corporate purposes.

The offer is open to Australian Resident Wholesale clients (Sophisticated or Professional) only.

For more information, please contact your Shaw and Partners adviser.