National Australia Bank (Aa1/AA) launched a GBP600 million 12 year 5.125 per cent Eurobond on 3 December. The deal was reoffered at Gilts +143bps which is at the tight end of guidance of Gilts +145bps area. The offering is NAB’s second public benchmark offering in GBP this year following their GBP500 million 5.5 year in May.
Lead managers of the deal are NAB, RBC and UBS.