Notification of dividend / distribution
Announcement Summary
Entity name
NATIONAL AUSTRALIA BANK LIMITED
Security on which the Distribution will be paid
NABPE - CAP NOTE 3-BBSW+2.20%20-09-28 CUM RED T-09-23
Announcement Type
New announcement
Date of this announcement
Monday December 21, 2020
Distribution Amount
AUD 0.55190000
Ex Date
Thursday March 11, 2021
Record Date
Friday March 12, 2021
Payment Date
Monday March 22, 2021
Additional Information
Interest paid on the NAB Subordinated Notes 2 is not franked.
The Interest Rate equates to an interest amount of $0.5519 in respect of each NAB Subordinated Note 2.
The Interest Rate was determined using the following formula:
Bank Bill Rate + Margin
Bank Bill Rate: 3 month Bank Bill Rate on 21 December 2020: 0.0138% per annum
Plus Margin: 2.2000% per annum
Equals Interest Rate: 2.2138% per annum
Interest Rate: 2.2138% per annum
Multiplied by Face Value: $100 per NAB Subordinated Note 2
Multiplied by days in Interest Period: 91 days from 21 December 2020 to (but not including) 22 March 2021 Divided by 365
For further information, please visit:http://www.nab.com.au/nab-subordinated-notes-2-prospectus.html
Refer to below for full details of the announcement
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Notification of dividend / distribution
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
NATIONAL AUSTRALIA BANK LIMITED
1.2 | Registered Number Type | Registration Number |
ABN | 12004044937 | |
1.3 | ASX issuer code | |
NAB |
- The announcement isNew announcement
- Date of this announcement
Monday December 21, 2020
1.6 ASX +Security Code
NABPE
ASX +Security Description
CAP NOTE 3-BBSW+2.20%20-09-28 CUM RED T-09-23
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of one quarter
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
Sunday March 21, 2021
2A.4 +Record Date
Friday March 12, 2021
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Notification of dividend / distribution
2A.5 Ex Date
Thursday March 11, 2021
2A.6 Payment Date
Monday March 22, 2021
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
AUD - Australian Dollar
2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form
AUD 0.55190000
2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? No
2A.11 Does the entity have a securities plan for dividends/distributions on this +security?
We do not have a securities plan for dividends/distributions on this security
2A.12 Does the +entity have tax component information apart from franking?
No
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at this time?
No
3A.1b Ordinary Dividend/distribution amount per security
AUD 0.55190000
3A.2 Is the ordinary dividend/distribution franked? No
Estimated or Actual?
Actual
3A.1a Ordinary dividend/distribution estimated amount per +security
AUD
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Notification of dividend / distribution
3A.3 Percentage of ordinary dividend/distribution that is franked
0.0000 %
3A.4 Ordinary dividend/distribution franked amount per +security
AUD 0.00000000
3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount
AUD 0.00000000
3A.7 Ordinary dividend/distribution conduit foreign income amount per security
AUD 0.00000000
3A.5 Percentage amount of dividend which is unfranked
0.0000 %
Part 3D - Preference +security distribution rate details | |||
3D.1 | Start date of payment period | 3D.2 End date of payment period | |
Monday December 21, 2020 | Sunday March 21, 2021 | ||
3D.3 | Date dividend/distribution rate is set (optional) | ||
3D.5 | Number of days in the dividend/distribution period | ||
91 |
3D.6 Dividend/distribution base rate (pa)
0.0138 %
3D.7 Comments on how dividend/distribution base rate is set
3 month Bank Bill Rate as at 21 December 2020 of 0.0138% p.a.
3D.8 Dividend/distribution margin
2.2000 %
3D.9 Comments on how dividend/distribution margin is set
The Margin was determined by the Bookbuild and is 2.2000% p.a.
3D.10 Any other rate / multiplier used in calculating dividend/distribution rate
%
3D.11 Comments on how other rate used in calculating dividend/distribution rate is set
3D.12 Total dividend/distribution rate for the period (pa)
2.2138 %
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Notification of dividend / distribution
3D.13 Comment on how total distribution rate is set
3 month Bank Bill Rate set on 21 December 2020: 0.0138% p.a.
Plus Margin: | 2.2000% p.a. |
Total: | 2.2138% p.a. |
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
The Record Date for NAB Subordinated Notes 2 (ASX code: NABPE) is normally 8 days before the Payment Date (or as otherwise described by the ASX Listing Rules) but in this case, it has been brought forward to Friday
12 March 2021 as it would otherwise have fallen on a non-business day.
5.2 Additional information for inclusion in the Announcement Summary
Interest paid on the NAB Subordinated Notes 2 is not franked.
The Interest Rate equates to an interest amount of $0.5519 in respect of each NAB Subordinated Note 2.
The Interest Rate was determined using the following formula:
Bank Bill Rate + Margin
Bank Bill Rate: 3 month Bank Bill Rate on 21 December 2020: 0.0138% per annum
Plus Margin: 2.2000% per annum
Equals Interest Rate: 2.2138% per annum
Interest Rate: 2.2138% per annum
Multiplied by Face Value: $100 per NAB Subordinated Note 2
Multiplied by days in Interest Period: 91 days from 21 December 2020 to (but not including) 22 March 2021 Divided by 365
For further information, please visit:http://www.nab.com.au/nab-subordinated-notes-2-prospectus.html
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Disclaimer
NAB - National Australia Bank Ltd. published this content on 21 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2020 08:22:03 UTC