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NABHA redemption offers case study on hybrid market

The announcement this week that National Australia Bank (ASX: NAB) will redeem (repurchase) all National Income Securities (ASX: NABHA) on issue has been a long time coming. Issued in 1999, the perpetual or never-ending preference share raised around $2 billion to assist the bank in meeting its ongoing capital requirements. After trading as low as…
Drew Meredith | 15th Jan 2021 | More