NAB notes that need redemption

Events in Cyprus build a case for NAB to redeem its National Income Securities sooner rather than later.

Key take-out: National Income Securities could have a destabilising effect on a capital raising of NAB in the event of a dramatic economic downturn.

The calamity in Cyprus is regarded by many as an isolated and possibly insignificant financial event. I am not sure, for it does starkly show that banks are important and highly leveraged entities.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles