National Australia Bank

UK lender adds to Yankee invasion as domestic trio go super long

◆ Bankers focused on attrition levels ◆ NAB ‘better than expected’ amid UK interest ◆ Swedbank tests FRN appetite

US bank and several insurers dominate issuance

One month marketing period begins on Thursday ahead of a 10 year issuance

Bankers disagree about whether fatigue for 10 year deals is growing

◆ European banks lead issuance with focus on senior funding ◆ Market wobbles prove funding more challenging than expected ◆ Foreign banks’ capital raising is one prominent feature

French bank back for the third time in two weeks with a three tranche Kangaroo

◆ NAB chooses faster Euroyen while BNP Paribas goes bigger in Samurai ◆ French deal showed greater 'depth' of domestic market ◆ Low premium paid

Bank paper dominates in offshore Swissies as NAB and Santander UK add to flow

◆ Lloyds to diversify its capital raising into Aussie dollars following Singapore dollar debut last week ◆ Asian and European investors expected to take part ◆ Mizuho raises A$400m with EMTN deal

Deal brings this year’s Kangaroo issuance to over A$25bn

EFA and NAIF are financing fossil fuel expansion as government readies green bond