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.

{{content.question}}

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

If you didn't receive SMS code please

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

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles